Produksyon (Factors of Production) Vocabulary

A collection of vocabulary flashcards based on the lecture slides covering the four factors of production and related concepts.

Lupa (Land)

A factor of production referring to raw materials used to make products, including natural resources found above and below the ground, as well as water, mineral, and forest resources.

Paggawa (Labor)

A factor of production referring to the people who create products from natural resources and raw materials.

White Collar Job

Jobs done by workers who use mental ability more than physical strength, such as doctors, engineers, and lawyers.

Blue Collar Job

Jobs done by workers who use physical strength in their work, such as carpenters, drivers, farmers, and factory workers.

Salapi / Kapital (Capital)

Things required to create a product, which can refer to money as well as infrastructure such as buildings, vehicles, roads, bridges, machinery, and tools.

Entrepreneurship

The desire and ability of a person to start a business, recognized as the fourth factor of production.

Entrepreneur

An individual who coordinates the other factors of production in order to produce a product or service.

Poster Assignment Rubric

An evaluation criteria totaling 45 points, broken down into Content (10 points), Relevance to Theme (20 points), Cleanliness (5 points), and Creativity (10 points).