Matching Pairs Factors of Production Match-UpOnline version Test your knowledge of factors of production by matching key concepts together! by Natalie Wiseniske 1 Scarcity 2 Opportunity Cost 3 Entrepreneurship 4 Land 5 Labor 6 Technology 7 Capital 8 Productivity Advancements that improve production Man-made tools and equipment Human effort applied to production Efficiency in producing goods Limited resources and unlimited wants Natural resources used in production Innovative risk-taking in business Value of the next best alternative