Raul owned a small graphic design business. He used 3-D software and computers to create animations for his clients. Which factor of production do the computers represent

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12-08-2021
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Raul owned a small graphic design business. He used 3-D software and computers to create animations for his clients. Which factor of production do the computers represent

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-08-13T13:23:14+02:00

The factor of production that the computers represent is physical resources.

Factors of production refers to the resources that are used for production. Example of factors of production include land, labor, capital, entrepreneurship, physical resources etc.

Physical resources simply means the tangible items that a business uses for its operation. Examples of physical resources include buildings, raw materials, machinery, computer systems etc.

In conclusion, computer is a physical resource.