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 includes skills such as innovation, risk-taking, and decision-making, which are essential in coordinating and integrating the other resources effectively. Natural resources, capital, labor, and financial institutions are important resources, but they need to be directed by entrepreneurial ability to be used efficiently.

Which of the Following Resources Is Necessary to Efficiently Combine