Which factor receives the profit from production?

Question

Quizplus · Accepted Answer

The factor that receives the profit from production is entrepreneurship, which refers to the ability of individuals to organize and manage the other factors of production (land, labor, and capital) in order to create goods or services that are more valuable than the cost of producing them. This is the source of economic profits, which are distinct from normal profits (the minimum level of profit needed to keep a firm in business).

Which Factor Receives the Profit from Production