Apr 14, 2019
Introduction to Enterprises And Entrepreneurs
Introduction to Enterprises And Entrepreneurs
You will remember that there are four factors of production namely:
Land
Labour
Capital
Enterprise/Entrepreneurship
While the first three are often made up of tangible resources for example a piece of land, the company’s labour force or a tractor for example
The fourth resource (another name for a factor of production) is special
It involves a person or group of persons taking the risk to…
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