Productive Resources & Entrepreneurship

1. You have learned about the factors of production or the resources needed to produce goods and services. List all the major resources that the Strauss brothers needed to make jeans. Sewing machines scissors needles canvas, etc. 
2. All resources fall under 1 of 4 categories. Land: Natural Resources to make a product. Labor: Workers. Capital: includes tools, buildings, and equipment. Entrepreneurship: the ability to combine the other 3 resources to make or improve a product or service. List each resource as Land, Labor or Capital. Land: canvas Labor: Worker who cut and sew the jeans. Capital: sewing machines, thread, snaps, sciccors, needles, building purchased. Entrepreneurship: went to SF with an idea to sell something and saw that people needed more sturdy pants for work. 
3. Did the Strauss brothers possess entrepreneurship? Explain. Entrepreneurship: went to SF with an idea to sell something and saw that people needed more sturdy pants for work.