THERE'S A VIDEO!
So while looking around for something to explain factors of production in a way that actually gives a nice explanation, I found what I think is the cutest little video made by two girls who put the concept into perspective...
Clicking here will take you right to it! --------> Factors of Productions Video
P.S. In class, we got the suggestion that to remind yourself of the four factors use the acronym C.E.L.L.
C- Capital
E- Entrepreneurship
L- Land
L- Labor
If you're into acronyms like that!
-JaelyNoTainted
Like Jaelyn (SPACE) Not (SPACE) Tainted
Get it?
Like Jaelyn (SPACE) Not (SPACE) Tainted
Get it?
Wow Jaelyn that video was so cute and informative! However, they failed to touch on the two types of capital being physical and human. I do think that if they would have included that the shovel and rake are examples of physical capital and her abilities to use them would be human capital, this video would have been slightly more effective in informing the audiences about C.E.L.L (:
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