Entrepreneurship differs from the other factors of production because it
A) is not real.
B) is the most important.
C) has only existed since the new economy of the 1990s.
D) is not traded in a factor market.
E) is not paid.

Question

Quizplus · Accepted Answer

Entrepreneurship is unique among the factors of production because it is not directly traded in a factor market like labor, land, and capital. Entrepreneurs organize the other factors and take on risks to create value, but there isn't a specific market where you can buy or sell entrepreneurship itself.

Entrepreneurship Differs from the Other Factors of Production Because It