_____ combine land, labor, and capital to produce goods and services and assume the risks associated with running a business.

Question

Quizplus · Accepted Answer

Entrepreneurs are individuals who combine the factors of production - land, labor, capital - to create goods and services, and take on the risks of operating a business. While economists may analyze business trends and market behavior, capital marketers and financiers may provide funding for entrepreneurs, but it is the entrepreneurs who ultimately bring all the factors of production together to create a business venture.

_____ Combine Land, Labor, and Capital to Produce Goods and Services