\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}
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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.