WORLD HISTORY

HISTORY

HISTORY OF THE MIDDLE EAST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which describes entrepreneurship?
A
The physical talents of people to build things.
B
Putting together productive resources to produce a good or service.
C
Machines, tools, and devices used for production.
D
The ability to harvest and use natural resources.
Explanation: 

Detailed explanation-1: -By bringing innovation to every aspect of businesses, entrepreneurial ventures enhance production utilizing the existing resources in the most effective ways. Entrepreneurs develop new markets by introducing new and improved products, services, and technology.

Detailed explanation-2: -How Entrepreneurship Works. Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services.

There is 1 question to complete.