The factor of production which takes the initiative in combining resources for production is known…

Home » Past Questions » Economics » Waec » 2012 » The factor of production which takes the initiative in combining resources for production is known…
Economics WAEC 2012

The factor of production which takes the initiative in combining resources for production is known as

  • capital
  • land
  • entrepreneur checkmark
  • labour

The correct answer is: C

Explanation

An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit.

Previous Question Next Question

Leave A Comment