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15 March, 07:05

Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find good chefs for her restaurant. Which type of resource is Elena lacking?

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  1. 15 March, 07:16
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    Elena is lacking labor, or human capital. This means that she is lacking the people who will actually transform the raw ingredients (in this case, literally raw food) into finished products (tasty meals). Although she has the other resources, she is missing this key component.
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