A farmer uses soil, seeds, a highly skilled foreman, tractors, and a barn to produce his harvest. Which factor of production is the farmer?
A) entrepreneurship
B) human capital
C) natural resources
D) physical capital

Question

Quizplus · Accepted Answer

The farmer is the entrepreneur who organizes and manages the other factors of production (soil, seeds, foreman, tractors, barn) to produce a harvest.

A Farmer Uses Soil, Seeds, a Highly Skilled Foreman, Tractors