Apply It 1.2: Factors of Production

  • Identify the four factors of production
  • Distinguish between the four factors of production
Watch the video and then answer the following question.

You can view the transcript for “The Rise Of $12 Salads” here (opens in new window).


The salad chains have concentrated on urban locations with high population density and relatively high incomes. What could you do as an entrepreneur if you could not afford to rent in a high traffic, high income location? Perhaps you could operate out of a ghost kitchen.