ECONnections: Lesson 4: Widget Production: Producing More, Using Less

LESSON 4: WIDGET PRODUCTION:
Producing More, Using Less.

d. specialist

c. investment
in
human
capital

a. craftperson

e. investment
in
capital
resources

b. division
of
labor

1. a worker who completes a portion of a good or service

2. activities that increase the skills and knowledge of workers

3. a worker who completes all steps in the production of a good or service

4. business purchases of new plant and equipment

5. the process where workers perform only a single or very few steps of a major production task

Match each word or phrase on the left by dragging it to the correct definition on the right.