1. What does "business" mean in the text?

 2. What are the four basic factors of production?

 3. What does the term "land" in this text refer to?

 4. What does the term "labor" refer to in this passage?

 5. What is the general meaning of "capital" in everyday language?

 6. What does the term "capital" refer to according to this passage?

 7. What is called entrepreneurship?

 8. What responsibilities should an entrepreneur take?

 9. What kind of problems will a company cause to people when it goes bankrupt?

10. When will the entrepreneur make a profit and when will he suffer a loss?