A business person employs two people to make sandwiches to sell in a cafe. As well as labour, which factors of production are involved in this activity?
Question
Solution 1
The factors of production involved in this activity, apart from labor, are:
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Land: This refers to the physical space where the sandwiches are made and sold. It could be a cafe, a food truck, or a kitchen.
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Capital: This includes the tools and machinery used to make the sandwiches, such as kni Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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