Question

Scenario:

Angelina has always enjoyed repairing cars, and now sbe
wants to start a new auto repair shop. Her new shop will
be called Reliable Auto Repair. She hopes to turn ber
hobby into a new career.
Although she needs to meet several local and state
regulations to open her shop, she is free to hire
employees or work alone. She can choose to open ber
shop when she wants as long as she obtains the permits
she needs.
Before opening her store, she needs to choose ber
product and her location carefully. Another auto repair
shop, Jayden Auto Repair, is located nearby, and she may
not stay in business long if she can't win over custooners.
Who omns the means ol production in this scenario?
In this scenario, Angelina's compettion is
Before Reliable Auto Repair can open its doors, it must
meet the regulations created by

Answer 1

the local and state authorities, which ultimately own the means of production in terms of granting licenses and permits to operate a business. This includes obtaining business licenses, permits for zoning, health and safety regulations, and any other legal requirements to open and operate an auto repair shop.

In terms of the competition, Jayden Auto Repair is the existing business located nearby that may potentially compete with Reliable Auto Repair for customers. However, in a broader sense, the means of production in the auto repair industry are owned by private individuals or corporations who own and operate the auto repair shops and the equipment needed to repair cars.