Home Inspirations
Hailey works for her father in a family-owned business called Home Inspirations, a bedding company that has been in operation since the 1800s. When her father retires, Hailey plans on taking over the business. Hailey is aware of many things about the company that she likes, and a few things that she does not. She has particularly noted that when the economy has low unemployment and high total income, sales are great. However, any other time, sales are not so goo
-Tilly, geologist, has discovered a new mineral which she named brellio. She believes that it can be used to generate clean energy. The mineral is much like uranium and can be used to create energy without the harmful radiation side-effects. What factors of production will she use to mine the mineral and establish her energy business?

Question

Home Inspirations
Hailey works for her father in a family-owned business called Home Inspirations, a bedding company that has been in operation since the 1800s. When her father retires, Hailey plans on taking over the business. Hailey is aware of many things about the company that she likes, and a few things that she does not. She has particularly noted that when the economy has low unemployment and high total income, sales are great. However, any other time, sales are not so goo
-Tilly, geologist, has discovered a new mineral which she named brellio. She believes that it can be used to generate clean energy. The mineral is much like uranium and can be used to create energy without the harmful radiation side-effects. What factors of production will she use to mine the mineral and establish her energy business? ​

Quizplus · Accepted Answer

Tilly will need to use land and natural resources to mine the mineral, labor to operate the mine and establish the energy business, capital to invest in equipment and infrastructure, and entrepreneurship to manage the business and bring the product to market.

Home Inspirations Hailey Works for Her Father in a Family-Owned Business Called