Directions:

As you have learned in this lesson, there are many factors of production that go into making goods. For this assignment, you need to research a product of your choice, such as a cake. For the good you choose, please complete the template linked below. In the template, you fill in the factors of production (land, labor, capital, and entrepreneurs) that went into creating your product. Be sure to answer the question at the bottom of the template.

Chart:

Product: (type name of product here.)

Image of product:(find the image and add it here.)

Image citation:

Please list all of the factors of production for each category below.

Land:	Labor:
Capital:	Entrepreneurs:

Question:

All of the factors of production are interconnected (meaning they all are needed and work together to create the product. Explain how each of the factors of production you listed worked together to create your product. Do you think one of the factors of production is any more important? Explain why or why not. Your response should be at least 200 words.