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\begin{tabular}{l} An example of a factor of production is \\ O the computers exported by Dell. \\ O stock issued by Dell. \\ O a worker hired by Dell. \\ \hline\end{tabular}

Ask by Hammond Paul. in the United States
Feb 21,2025

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Answer

A worker hired by Dell is an example of a factor of production.

Solution

To determine which option is an example of a factor of production, we need to understand what factors of production are. Factors of production are the resources used to produce goods and services. They typically include: 1. **Land**: Natural resources used in production. 2. **Labor**: Human effort used in production. 3. **Capital**: Man-made resources (like machinery, tools, and buildings) used in production. 4. **Entrepreneurship**: The ability to combine the other factors of production to create goods and services. Now, let's analyze the options provided: 1. **The computers exported by Dell**: This refers to the final product, not a factor of production. 2. **Stock issued by Dell**: This represents ownership in the company and is a financial instrument, not a factor of production. 3. **A worker hired by Dell**: This represents labor, which is a direct factor of production. Based on this analysis, the correct answer is: **A worker hired by Dell.**

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The Deep Dive

Did you know that factors of production are the resources needed to create goods and services? They typically comprise land, labor, capital, and entrepreneurship. In this case, a worker hired by Dell represents labor, which plays a crucial role in the production process, helping to transform raw materials into finished products. If you ever find yourself in a discussion about economics, it's essential to remember that understanding the different factors of production can lead to better insights into how businesses operate! Many people mistakenly confuse capital (like computers and machinery) with labor. Just remember, labor refers to the human effort involved in the creation process, while capital refers to the tools and machinery used.

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