Homework Help: macroeconomics

Posted by teddy on Wednesday, May 27, 2009 at 8:00am.

Describe the four factors of production: land, labor, capital, and entrepreneurship. Pick a product with which you are familiar, and explain how these four factors of production were used to transform raw materials into the finished good that you enjoyed. What role did the cost of these resources play in the production of the good?

macroeconomics - Writeacher, Wednesday, May 27, 2009 at 8:51am
Consider Caterpillar Company:

http://www.cat.com/corporate-overview/history

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