In an economic growth role of enterpreur is to?

Answer 1

Economists regard entreprenuership as one of the five fundamental resources, or the factors needed to produce goods and services, used in context of costs of production. The other four resources, or costs of production, include land, labor, physical capital, and human capital. A brief description of all five resources, and how they contribute to economic growth are cited below. Land - includes rent payments, real estate, and Natural Resources. Labor - wages and salaries. Physical Capital - machines, manufaturing, and equipment. Human Capital - incluces intellectual property, patents, training, and education. Entreprenuership - inviduals assuming the risk and rewards of production. Also included here are profits - because without the possibility of profits, production wouldn't even exists. What is the role of entreprenuership in economic growth? Vital.