Which of the following resources is necessary to combine efficiently the other resources to produce goods and services?
A)natural resources
B)capital
C)labor
D)entrepreneurial ability
E)financial institutions

Question

Quizplus · Accepted Answer

Entrepreneurial ability is necessary to bring together the other resources (natural resources, capital, and labor) in an effective and efficient manner to produce goods and services. It involves the ability to innovate, take risks, and make critical decisions. Financial institutions, while important, are not necessary to combine resources directly.

Which of the Following Resources Is Necessary to Combine Efficiently