The effort used to coordinate the factors of production and produce goods and services is called:
A) capital accumulation.
B) land.
C) entrepreneurship.
D) land ownership.

Question

Quizplus · Accepted Answer

Entrepreneurship involves the coordination of the other factors of production (land, labor, and capital) to produce goods and services. Capital accumulation refers to the process of increasing the amount of capital in an economy through savings and investment. Land refers to natural resources and the physical space on which production takes place. Land ownership is the legal right to control and use land.

The Effort Used to Coordinate the Factors of Production and Produce