Homework 1 – Factors of Production

by

 

  1. Island Recycling specializes in turning used plastic into patio furniture. Identify and explain how each of the   four factors of production will be used in the business.           (8 marks)
  2. Write a brief description of a manufacturing business (2). Explain how the four factors of production are needed in this business (8)                (10  marks)
  3. Critically think about natural resources in the BVI. Choose one of the natural resources available or that can be developed in the BVI.            (2 marks)