BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The fourth factor of production is entrepreneurship. An entrepreneur is a person who combines the other factors of production-land, labor, and capital-to earn a profit.

Detailed explanation-2: -The above statement is: True Production of any good or service is done with the help of various factors which are called the factors of production. These factors include land, labor entrepreneurship and capital.

Detailed explanation-3: -Factors of production often include land, labor, capital goods and entrepreneurship. Entrepreneurship is a factor of production that can involve all other factors, and is typically considered vital for boosting economies.

Detailed explanation-4: -But money is not a factor of production because it is not directly involved in producing a good or service. Instead, it is the man-made goods that are used in the production of other goods. As a factor of production, capital refers to the purchase of goods used in production.