what is the difference between resource labour and resource entrepreneurship
Answers
Answer:
Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else. The last resource, entrepreneurship, refers to the ability to put the other three resources together to create value.
Explanation:
Entrepreneurs manage resources and labour, the better he or she is at doing so, the richer that entrepreneur becomes.
Resources on the other hand are not a fixed thing. Things we have not considered a resource in the past are now a resource today. And what’s a resource today will not be considered a resource tomorrow. Thus it is important you recognize that “resource” is truly a mental phenomenon. It is the knowledge of how to properly create or utilize a material.
Labour is skillful and non skillful human or mechanical work.