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Match the term with correct definition Do this by dragging and dropping the term to match the definition Please note there are more term will not be used a factor of production that includes all gifts of nature Solution (1) Land - factor of production endowed with gifts of nature (a natural resource) (2) Physical capital - Man-made tools used in production (3) utility - Satisfaction arising from fulfilment of a want or need. Economics assumes that all consumers want to maximize their utility. (4) Incentive - Chance to make yourself better-off (5) Sunk cost - Past cost that cannot be recouped.

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Match the term with correct definition Do this by dragging and dropping the term to match the definition Please note there are more term will not be used a factor of production that includes all gifts of nature Solution (1) Land - factor of production endowed with gifts of nature (a natural resource) (2) Physical capital - Man-made tools used in production (3) utility - Satisfaction arising from fulfilment of a want or need. Economics assumes that all consumers want to maximize their utility. (4) Incentive - Chance to make yourself better-off (5) Sunk cost - Past cost that cannot be recouped

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