The economic resource that organizes the use of other economic resources is called

Question

Quizplus · Accepted Answer

Entrepreneurship is the economic resource that organizes the other economic resources such as land, labor, and capital to create a new product or service, or improve an existing product. Entrepreneurs take risks and innovate to create value and generate profits. While all the other choices - labor, land, and capital - are crucial resources in the production process, they are directed and managed by the entrepreneurial activity.

The Economic Resource That Organizes the Use of Other Economic