Question: need some help with these Today we learned about 4 factors of production: Natural Resources, Labor, Capital, Entrepreneurship. Below are different examples and scenarios, identify

 need some help with these Today we learned about 4 factors

need some help with these

of production: Natural Resources, Labor, Capital, Entrepreneurship. Below are different examples and

Today we learned about 4 factors of production: Natural Resources, Labor, Capital, Entrepreneurship. Below are different examples and scenarios, identify which factor of production it is an explain why. Example Scenario Which factor? Why? Complete sentence Coal is something found on land that isn't man made. 1. Coal Natural resource. 2. McDonalds' Employees 3. Currency (money) 4. Saws at a saw mill 5. Mark Zuckerberg 6. Bill Gates 7. Diamonds 8. Carpet Installers 9. Cattle 10. Factories 11. Factory workers 12. Spatulas at a burger restaurant 13. NFL Players 14. Soil

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!