Question

directions: drag the tiles to the correct boxes to complete the pairs.
there are four factors of production. match each factor of production with a related example of how it might influence an economy.
natural resources entrepreneurship labor capital
a person starts a business repairing boats because she sees that fishing boats constantly need work.
a country with a long border along the ocean has a large fishing industry.
a business invests in assembly belts so it can build boats faster and at a lower cost.
a country with an aging population worries that it will soon not have enough workers to operate its factories.

Explanation:

1. For the first example: A person starting a business (identifying an opportunity and taking the initiative) relates to entrepreneurship.
2. For the second example: A country having an ocean border (a natural resource) leading to a fishing industry relates to natural resources.
3. For the third example: A business investing in assembly belts (a man - made resource used in production) relates to capital.
4. For the fourth example: A country worrying about not having enough workers (labor force) relates to labor.

Answer:

• A person starts a business repairing boats because she sees that fishing boats constantly need work. $\longleftrightarrow$ entrepreneurship
• A country with a long border along the ocean has a large fishing industry. $\longleftrightarrow$ natural resources
• A business invests in assembly belts so it can build boats faster and at a lower cost. $\longleftrightarrow$ capital
• A country with an aging population worries that it will soon not have enough workers to operate its factories. $\longleftrightarrow$ labor