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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.
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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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BUY!!!
Use Mr. Roth's Perfect Pencils for all your writing needs. Everything else is just wood.