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Question 1 [40 MARKS] As a manager, you need to have knowledge and understanding of economic concepts in order to develop a sensible and resourceful

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Question 1 [40 MARKS] As a manager, you need to have knowledge and understanding of economic concepts in order to develop a sensible and resourceful strategy. One such important concept are factors of production e these are resources that organisations use to produce goods and service. There are two factors, which are primary and secondary, and these are divided into four categories, namely: 1. Primary factors: 1.1 Natural resources 1.2 Labour 2. Secondary factors: 2.1 Capital resources 2.2 Entrepreneurship Referring to the case study and the above information, demonstrate your understanding of these factors by assessing and then evaluating how the shift will impact each of these factors. Give relevant examples that illustrate which area or areas this shift will affect most in the company's services

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