Identifying Factors Of Production

James is considering opening a new chain of fast-food restaurants. He plans to establish affordable dining options and hopes to develop a franchise. To implement his idea, he must rent commercial space and secure at least $16,000,000 in startup funding. Why does this scenario illustrate the use of factors of production?
A

Because he demonstrates entrepreneurial instincts and ideas

B

All of the answers are correct.

C

Because he will invest $16,000,000, which represents capital

D

Because he will need to rent land

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