WEEKLY
ASSIGNMENT 04
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Grade:
08
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Date:
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Due
on:
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Class:
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Index:
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Name:
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Exercise
01. Complete the following table.
Factor
of Production
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Example
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Reward
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1.
Land
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2.
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Salary
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3.
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Machinery
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4.
Entrepreneur
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Exercise
02. State whether the following statements are True (T) or False (F)
T/F
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01
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Land is a gift of nature
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02
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Land is a human resource
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03
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Land is not a permanent fixture
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04
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Land is not fixed in supply
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05
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Land is geographically mobile
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06
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Land is occupationally mobile
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Exercise
03. Complete the following.
1
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2
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3
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4
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5
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6
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7
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1.
Making the most of what we have.
2.
Using up of goods and services.
3.
Those resources which are not
renewable.
4.
A Greek word which means ‘household
management’.
5.
Production of real capital goods.
6.
Selecting between items.
7.
Not enough in supply.
Exercise 04. From the jumbled letters given
below identify no less than 18 economic terms and write the terms in the spaces
provided.
L
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A
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N
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D
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W
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A
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C
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H
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O
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I
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C
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E
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A
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D
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E
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S
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A
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L
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A
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R
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Y
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S
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O
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C
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B
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E
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E
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R
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G
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O
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P
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X
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C
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V
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U
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O
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O
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R
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D
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I
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E
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S
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I
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N
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P
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U
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T
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N
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U
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Y
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S
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N
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S
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S
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T
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G
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N
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B
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P
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O
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R
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E
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N
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T
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H
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Y
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A
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R
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N
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B
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U
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M
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U
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I
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L
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E
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S
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A
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L
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A
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R
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Y
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T
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Y
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I
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M
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P
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R
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O
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F
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I
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T
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E
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R
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F
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G
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E
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N
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T
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E
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R
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P
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R
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I
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S
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E
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V
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B
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V
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B
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M
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S
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E
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H
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S
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F
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G
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H
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J
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K
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C
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O
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S
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T
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T
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G
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S
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U
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P
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P
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L
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Y
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1.
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2.
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3.
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4.
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5.
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6.
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7.
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8.
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9.
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10.
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11.
……………………………….
12.
……………………………….
13.
……………………………….
14.
……………………………….
15.
……………………………….
16.
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17.
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18.
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19.
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20.
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