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An entrepreneur wants to starts a new taco stand. In order to get started, she
first buys an excellent grill. Then she orders fresh vegetables, and meats from
a local market. Finally, she hires an assistant chef to work on the weekends
so she will have some time off. Customers love her tacos, and she makes a
large profit her first year in business.
Which element of the story best represents labor as a factor of production?
A. The fresh vegetables
B. The customers
C. The assistant chef
D. The new grill

Respuesta :

dauyds

Answer:

c. the assistant chef

.....

Lanuel

An element of the story best represents labor as a factor of production is: C. the assistant chef.

The four factors of production.

In Economics, there are four factors of production and these include the following:

  • Land
  • Capital resources
  • Entrepreneurship
  • Labor

What is labor?

Labor can be defined as the human capital (workers) who are saddled with the responsibility of overseeing and managing all the aspects of production such as the assistant chef.

Read more on factors of production here: https://brainly.com/question/21308544

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