Answer: Land
Explanation:
Economic factors of production are needed in the production process to turn raw goods to finished goods. There are four factors of production being; <em>Land, Labor, Capital, </em>and<em> Entrepreneurship</em>.
The relevant factor here is land. Land involves every natural resource that goes into the production process including as the term suggests, the land (real estate).
The real estate that Ray Kroc acquires before building the restaurant falls under Land as a factor of production.
Massachusetts Institute of Technology
The naval battle of Trafalgar was fought on October 21, 1805. The British fleet under Lord Nelson met a combined fleet of French and Spanish ships off the coast of Spain. The English fleet won a tremendous victory ensuring that Napolean would not be able to invade Britain. Admiral Lord Nelson died during the battle.
