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Factors of Production

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by

Darin Lawhorn

on 29 August 2016

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Transcript of Factors of Production

Hershey's Chocolate Bar
Factors of Production
Hershey's Chocolate company
Product: Hershey's Chocolate Bar
Factor 1: entrepreneur
Milton Hershey
4. Capital
Investment or items the company may own.
Factor 3: Labor
All of the various workers that help produce a chocolate bar.
Factor 2: Land
Sugar
Cocoa Powder machine
Cocoa Press
All of the natural resources that go into making a Hershey's Bar would be in Land.
Dairy Farm
Almonds
Cocoa Tree
Workers harvesting and processing cocoa beans
Milk Farmer
Plant Workers
Milton Hershey founded Hershey's chocolate company in 1900. He owned three business before that. The first went bankrupt, the second went out of business. The third was Lancaster Caramel company. He later sold it and started Hershey s.
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