The four factors of production are Land, Labor, Capital, and Entrepreneurship.
Identify the missing factor in the table.
The missing factor is Capital.
Therefore, the term that completes the table is C a p i t a l .
Explanation
Identifying the Missing Resource The table lists the resource types: Land, Labor, ?, and Entrepreneurship. The question asks us to identify the missing term that completes the table. In economics, the four factors of production are Land, Labor, Capital, and Entrepreneurship. Therefore, the missing term is Capital.
Determining the Missing Factor The four factors of production are Land, Labor, Capital, and Entrepreneurship. The table is missing 'Capital'.
Examples
Understanding the factors of production is crucial in economics. For example, when starting a business, you need land for your factory, labor to produce goods, capital to invest in machinery, and an entrepreneur to organize and manage the business. Each factor plays a vital role in the production process, and understanding their importance helps in making informed business decisions.