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- Once there was a man determined to better the world. His name was Cornwallis Drake. Cornwallis was a scientist researching how to degrade trash.
- Finally, he figured it out! He would make cups!
- The human capital needed would be the knowledge to create the cups and know the correct usage of trash is necessary. Identifying what trash is biodegradable is crucial considering Cornwallis is creating bio-degradable cups. Experience running a factory , experience in marketing and experience working with machinery is also required to make the cups. But how would he grow it into a profitable business?
- First he would have to figure out the different Factors of Production. For physical capital, Cornwallis needs recycled paper, cup molds, lab space, sealant for cups, assembly line, coolant, distribution trucks, marketing ads, and a furnace to be a successful entrepreneur.
- For Land, Cornwallis would need gather up the trash and using it. By utilizing compost, water and fire, biodegradable material is created which can be formed into a cup.
- For Labor, Cornwallis would need to find people to gather the trash, create the molds for the cups, manage the factories making the cups, and work in the production lines.
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