Which of the following resources is necessary to efficiently combine 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 efficiently combine other resources to produce goods and services. This ability includes skills such as innovation, management, and risk-taking, which are essential for optimizing the use of natural resources, labor, and capital. Financial institutions may facilitate access to capital, but they are not necessary for efficient resource utilization.

Which of the Following Resources Is Necessary to Efficiently Combine