Elizabeth Wants to Set Up a Consulting Business That Specializes

question 160

Short Answer

Elizabeth wants to set up a consulting business that specializes in mathematical problem solving. Which of the following factors of production would she require?
Capital
Labour
Information resources
Natural resources
All of these

---

Definitions:

Interest Rates

The cost of borrowing money or the return on investments, expressed as a percentage of the principal amount.

Government Borrowing

The process by which the government raises funds through issuing debt instruments, such as bonds, to finance its spending.

Budget Deficit

A financial situation where an entity’s expenditures exceed its revenues over a specified period, leading to a shortfall that must be financed through borrowing.

Government Borrowing

The process by which a government raises funds to finance its operations and projects by issuing debt instruments, such as bonds.