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Alex, your dog, has just been switched from dry dog food to canned dog food. Alex has always made a fast dash to the kitchen every time he heard the dog food bag rattling. Switching to canned food will most likely result in
Factor of Production
Resources used in the creation of goods and services, traditionally categorized into land, labor, and capital.
Input
A good or service used to produce another good or service.
Factor Distribution
The way in which income and wealth are shared among different factors of production, such as labor and capital.
Income
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.
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