C. how do you suppose the factors of production relate to how wealthy or impoverished people are in a country?
These are some reasons that the factors of production relate to how wealthy or impoverished people are in a country. The factors of production relate to how wealthy or impoverished people are in a country because if people don’t have the labour skills, land, money, or technology then there not making any money. For example a poor person may have the labour skills to do a job properly but he/she doesn’t have the money to afford the land or technology he/she needs for the job as well. A wealthy person on the other hand has labour skills, land, money, and the technology they need to become wealthy. For example, a wealthy person has labour skills since he/she is wealthy they can easily afford the land or technology he/she needs to make even more money. These were some reasons that the factors of production relate to how wealthy or impoverished people are in a country.