First Industries in Ohio

Explore Ohio's first industries! Master vocabulary and learn about historical entrepreneurs and innovations.

Fill in each blank with the correct vocabulary word. 1. A risk is a danger.2. An entrepreneur is a person who risks money and time to start a new business.3. A capital good is a resource made by humans.4. Human resources are the talents and skills of the workers needed to produce a good or provide a service.5. The natural resources, capital goods, and human resources needed to make a product or provide a service are called productive resources.6. Opportunity cost is the value of the choice that was given up. Choose the correct word for each blank space. 7. Obed Hussey invented a machine called the reaper.8. Procter and Gamble were entrepreneurs that started a soap and candle-making company.9. Cincinnati processed more than 400,000 hogs a year and became known as Porkopolis.10. Ohio was one of the first states to pass child labor laws that limited the number of hours children worked. 4 Factors of Production Match the factors of production with the correct meaning. land all of the natural resources found on the planet to help make goods or provide services examples - water, coal and iron labor the people who are working to make the product capital any human-created resource that is used to produce other goods examples - money, tools and equipment entrepreneurship a person who has an idea and risks money and time to start a new business To mark a word click its first letter then click its last. ENTREPRENEUR CAPITALGOOD PORKOPOLIS CINCINNATI PROCTER GAMBLE REAPER CANDLE FARMER RISK SOAP