Question

Lois is planning to raise funds for her new business venture. Which factor of production is she working toward? Lois is planning to raise funds for her new business venture. She is working toward satisfying the factor of production.

Answer 1

Lois is seeking to address the capital factor of production by raising funds for her new business, as capital is essential for purchasing the necessary resources to produce goods or services.

Step-by-step explanation:

Lois is working toward satisfying the capital factor of production in her efforts to raise funds for her new business venture. In an economic context, the factors of production include land, labor, capital, and entrepreneurship. Lois is specifically addressing the need for capital, which represents the funds necessary to start and run a business that allows purchasing of machinery, buildings, and other equipment required for the production of goods or services. Capital is critical as it supports the other factors of production and is fundamental to the creation and operation of a business venture.