We have described four factors of production: natural resources, labor, capital, and entrepreneurship. Think of any restaurant you have ever been to: Burger King, McDonalds, Pizza Hut or any other.
a. Write a list of some of the things used by that restaurant that would qualify as natural resources.
b. Write a list of some of the things used by that restaurant that would qualify as labor.
c. Write a list of some of the things used by that restaurant that would qualify as capital.
d. Who is the entrepreneur in this restaurant and what does the entrepreneur do