An entrepreneur wants to starts a new taco stand. In order to get started, she first buys an excellent grill. Then she orders fresh vegetables, and meats from
a local market. Finally, she hires an assistant chef to work on the weekends
so she will have some time off. Customers love her tacos, and she makes a
large profit her first year in business.
Which element of the story best represents labor as a factor of production?
A. The fresh vegetables
B. The customers
C. The assistant chef
D. The new grill