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Classify each resource used in production as land, labor, capital, or entrepeneurs. Land Labor Capital Entrepreneurs...

Question:



Classify each resource used in production as land, labor, capital, or entrepeneurs. Land Labor Capital Entrepreneurs Answer Bank Aunt Sandys Jammin Jellies (the business) Anika, a server at Sonic Drive-In your favorite bartender
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Classify each resource used in production as land, labor, capital, or entrepeneurs. Land Labor Capital Entrepreneurs Answer Bank Aunt Sandy's Jammin' Jellies (the business) Anika, a server at Sonic Drive-In your favorite bartender
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Answers

Aunty Sandy's Jammin Jellies ( the business): Entrepreneurs. Entrepreneurship brings the other factors of production - land, labor and capital - together.

Anika- a server at Sonic Drive-in : Labor. Labor is what people contribute to produce goods and services.

Your favourite bar tender : Labor as he or she contributes labor.

Ore. Land. Land and anything that comes from land.

Natural resource, which is used to produce goods and services, is land.

Mauricio's Taco Truck (the idea): Entrepreneurs.

Lake Elsman: Land as it is a natural resource.

Rio Grande: Land as it is a natural resource.

Your coworkers : Labor as they contribute towards production of goods and services.

Mauricio's Taco Truck (the truck): Capital as this is used to produce goods and services.

Farmer Tanner's tractor: Capital since it helps produce crops.

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