8.3

Question 1

What are some factors that influence what business’ produce?

Answer 1

Established habits and experience, Changing tastes and preferences, Marketing and advertising, Technological change.

Question 2

Land (—-)
Labour (—-)
Capital (—-)
Enterprise (—-)

Answer 2

Land (raw materials)
Labour (the workers)
Capital (equipment)
Enterprise (someone with the ideas and drive to start the production).