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Four factors of production

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Reference no: EM131962040

We have described four factors of production: natural resources, labor, capital, and entrepreneurship. Think of any restaurant you have ever been to: Burger King, McDonalds, Pizza Hut or any other.

a. Write a list of some of the things used by that restaurant that would qualify as natural resources.

b. Write a list of some of the things used by that restaurant that would qualify as labor.

c. Write a list of some of the things used by that restaurant that would qualify as capital.

d. Who is the entrepreneur in this restaurant and what does the entrepreneur do

Reference no: EM131962040

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