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Instructional Video

Khan Academy: Four Factors of Production

Curated by ACT

Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. In this video, we define each of the four factors of production and provide examples of each. [6:14]

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Concepts
labor, resources, scarcity, factors of production
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Additional Tags
capital, entrepreneurship, land, khan academy, khan academy: four factors of production, consumption goods, technology
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...