factors of production capital and entrepreneur explanation
Answers
Answered by
1
Answer:
An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit. ... Money is not capital as economists define capital because it is not a productive resource.
Answered by
0
Answer:
The income earned by owners of capital resources is interest. The fourth factor of production is entrepreneurship. An entrepreneur is a person who combines the other factors of production - land, labor, and capital
Similar questions