Lemonade Stand-
Factors of Production

Funding- depends on the quantity of lemonade planning to be sold

Machinery- ice trays, freezer, refrigerator,

Materials-table, plastic cups, paper sign

On personal/private land, therefore no cost

Raw materials- water, lemons, sugar

Voluntary, Physical- one employee (me), no cost

Recognized need for cold drinks on a hot day

Low-risk endeavor (high potential earnings)

Only require one level of management (seller overseas everything)

Skills- Resilience (ability to stand outside for long periods of time), Organization (maintain a hygienic stand)