Factors of Production: Identify factors of production (i.e. natural, labor, capital, and entrepreneur). Discuss the concept of opportunity cost in business operations and explain how businesses make decisions based on scarcity of resources. Research emerging technologies (e.g., robotics, artificial intelligence, etc.) and identify their impact on changing production.
Standard detail
4.2
Depth 1Parent ID: E66624B63E7C4B60ACBAEE053DE1C1CDStandard set: Introduction to Entrepreneurship
Original statement
Quick facts
- Statement code
- 4.2
- List ID
- 2
- Standard ID
- 73D459340E084AB3B2C3FE2CEA4B24C4
- Subject
- CTE (2020-)
- Grades
- 09, 10
- Ancestor IDs
- E66624B63E7C4B60ACBAEE053DE1C1CD
- Source document
- Introduction to Entrepreneurship
- License
- CC BY 4.0 US