Entrepreneurship involves:
A) taking the risk for the success or failure of a business venture.
B) organizing factors of production to produce goods and services.
C) human effort not included in the factor of production category called labor.
D) all of the above

Question

Quizplus · Accepted Answer

Entrepreneurship encompasses taking risks for a business venture, organizing factors of production (including labor, capital, and natural resources) to produce goods and services, and involves human effort, which is a key component of the labor factor of production.

Entrepreneurship Involves