The factors of production that are to be considered when opening an Italian restaurant include land, capital resources, and labor.
What are the factors of production?
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production.
In Economics, there are four (4) factors of production and these include the following:
In this context, we can infer and logically deduce that the factors of production that are to be considered when opening an Italian restaurant include land, capital resources and labor.
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