Question
Katrina is starting her own business producing all-natural beverages. She must use square to create her product. The water that she is using to create her beverage line is an example of square The number of employees required to produce her beverage line is an example of square The rent money she pays for a factory to produce her beverage line is an example of square
Answer
4.6
(309 Votes)
Evelyn
Professional · Tutor for 6 years
Answer
- The water that she is using to create her beverage line is an example of **land**.- The number of employees required to produce her beverage line is an example of **labor**.- The rent money she pays for a factory to produce her beverage line is an example of **capital**.
Explanation
- In Economics, factors of production include resources used in the creation process. These resources are categorized as land, labor, and capital.- Water in this context is considered a natural resource, hence it falls under the category of 'land'.- The number of employees represents 'labor', which includes any human effort used in production.- Rent money for a factory is an example of 'capital', covering any tools, buildings, machinery, etc., used in the process of production.