Janet owns a modern 250-hectare farm that grows corn and soybeans. Which factors of production will Janet need to employ to produce her crops?
A) natural resources, human resources, and entrepreneurship
B) fertilizer, human resources, and capital
C) water, entrepreneurship, and seeds
D) labour, money, and bank loans

Question

Quizplus · Accepted Answer

Janet will need natural resources such as land, water, and sunlight to grow her crops. She will also need human resources in the form of labor to plant, tend, and harvest the crops. Finally, she will need entrepreneurship skills to manage the farm and make decisions on how to allocate resources.

Janet Owns a Modern 250-Hectare Farm That Grows Corn and Soybeans