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31 August, 20:00

Meg and her mother are opening a cupcake shop. They buy an oven, a walk-in cooler, and a decorating table. In terms of factors of production, what are these items?

Capital

Entrepreneurship

Land

Labor

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Answers (1)
  1. 31 August, 23:06
    0
    The correct answer is Capital

    Entrepreneurship is their business, the land and labor are not it. In here, it is capital because it is their investment that is supposed to pay off and bring them more money.
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