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| Frage | Antworten |
| Capital intensive | Where production relies more heavily on machinery relative to labour. |
| Entrepreneur | An individual who organises the other factors of production and risks their own money in a business venture. |
| Factors of production | The resources used to produce goods and services. They include land, labour, capital and enterprise. |
| Fixed capital | The stock of "man-made" resources such as machines and tools used to help make goods and services. |
| Human capital | The value of the workforce or an individual worker. |
| Labour | The people used on production. |
| Labour intensive | Where production relies for heavily on labour relative to machinery. |
| Production | A process which involves converting resources into goods and services. |
| Productivity | The amount of output that can be produced with a given quantity of resources. |
| Working capital or circulating capital | Resources used up in production such as raw materials and components. |
| De-industrialisation | The decline in manufacturing. |
| Primary sector | Production involving the extraction of raw materials from the earth. |
| Secondary industry | Production involving conversion of raw materials into finished and semi-finished goods. |
| Tertiary sector | Production of services in the economy. |
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