Question

Gloria wants to open her own restaurant. She has already purchased a building and raised enough cash to purchase the furniture, tools, and equipment required. She has also hired waitstaff and some cooks. However, she is unable to find a person who will be able to come up with interesting recipes every day. What type of factor of production is Gloria lacking?

Answer 1

Answer:

Human capital

Explanation:

Human capital designates a factor of production that not only depends on quantity, but also involves the quality, degree, training and productivity of the people involved in the production process. From that use, it is designated the set of human resources owned by a company or economic institution. Human capital is also improved when the degree of skill, experience or training of the people of the place where they work increases.

Therefore, Gloria lacks human capital and when she finds the person who can make interesting recipes every day, all the elements of her restaurant will be complete.

Answer 2

She is lacking Human Capital :)