ECONOMICS – UNIT 1
FACTORS OF PRODUCTION WORKSHEET
NAME____________________
SECTION 1-
Suppose you go to the supermarket and buy a box of corn flakes. Each of the four factors of
production went into the making of this cereal. Listed below are some of the things used in the
production and distribution of your corn flakes. Label each item LD for land, LR for labor, C for
capital, or E for entrepreneurship.
1. supermarket manager
2. delivery truck
3. prairie
4. farm worker
5. grocery clerk
6. supermarket
7. oil used for fertilizer
8. box-making machinery
9. owner of cereal company
10. storage warehouse
11. farm machinery
12. cashier
Consider the four factors of production that went into the making of your text book. Label each item.
1. trees
2. computers
3. publishing executive
4. salesperson
5. editor
6. petroleum
7. oil used for fertilizer
8. book presses
9. word processing specialist
10. typesetter
11. storage shelves
12. publisher’s building site