Grace is starting a new business and is gathering the resources she needs. Which of the following is considered a natural resource in the factors of production?

• A factory building

• Oil

• A computer programmer

• A business owner

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TX.SOC.6.6.A

Grace notices a gap in the local market for organic food delivery. She decides to invest her savings, organize a team, and start a business to meet this demand. What is Grace's role in the economy?

• To provide raw materials

• To invest money and organize production

• To work as an employee

• To supply water

Tags

TX.SOC.6.6.A

At a bakery, Aria hires several people to help bake bread and serve customers. These workers represent which factor of production?

(a)  

• Capital

• Labor
• Natural resources

• Entrepreneurs