Mention any four characteristics of an entrepreneur or Human Capital as a factor of production.
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1) The entrepreneur provides all the factors of production - land, labour, capital and enterprise himself and constantly innovates his business to stay competitive within the limited resources he has. 2) The entrepreneur has the ability to take on big companies with the help of a single, powerful idea.
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1
Answer:
1) The entrepreneur provides all the factors of production - land, labour, capital and enterprise himself and constantly innovates his business to stay competitive within the limited resources he has. 2) The entrepreneur has the ability to take on big companies with the help of a single, powerful idea.
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