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

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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2021/2022

Uploaded on 09/12/2022

courtneyxxx
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.
pf2

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1

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.

2

Mr. Roth's Perfect Pencils!!!

BUY!!!

BUY!!!

You want,

You need,

You must have!!!

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