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