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The Four Factors of Production in making pencils, Study notes of Entrepreneurship

Napa Valley College Entrepreneurship

The Four Factors of Production in making pencils. Land. Labor. Capital. Entrepreneurship. The land I need is trees and metal ore because.

Typology: Study notes

2021/2022

Uploaded on 09/12/2022

courtneyxxx 🇺🇸

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TheFourFactorsofProduction

inmakingpencils

Land

Labor

Capital

Entrepreneurship

ThelandIneedistreesandmetal

orebecause

theyarenaturalresources.

MylaborwasmyselfandmybrotherDoug.Wedidallthe

workofputtingthemtogether.Wecutthewoodandshaped

itintorods.Thenwedrilledholesintothewoodtoinsertthe

graphite.Afterthatweattachedtheeraser.Finally,we

paintedthepencilsdifferentcolors.

ThecapitalIusedwasmoneytobuy

whatIneeded,asawtocutthewoodtothe

rightlength,andyellowpaint.

IamtheentrepreneurbecauseI

cameupwiththeidea.Iknewthat

kidswouldneedpencilsbecausethey

havetowrite.

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