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What is the relationship between factors of production and entrepreneurship?

Updated: 8/22/2023

Wiki User

∙ 9y ago

Best Answer

The characteristics of entrepreneurship as factor of production include capital, which is the money needed to start the business. Any part of the business that has to do with the money is a characteristic of entrepreneurship.

Wiki User

∙ 9y ago

This answer is:

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Wiki User

∙ 12y ago

Characteristics of enterpreneurship?

1. need for high achievement

2.willing to take risk

3.self confidence

4.innovation

5.total commitment

6.All ronder

This answer is:

Wiki User

∙ 9y ago

The relationship between factors of production and entrepreneurship is that entrepreneurship is considered to be a factor of production. This will b able to connect between the needs of consumers and what is actually produced.

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Wiki User

∙ 11y ago

characteristic of entrepreneurship

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TIBEBU KEBEDE ∙

Lvl 2

∙ 2y ago

[object Object]

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Magali Rodriguez ∙

Lvl 1

∙ 2y ago

nice, ty!

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What are the five factors of production?

The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources

Define factors of production?

Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.

What is Considered one of the primary factors of production plus?

Entrepreneurship

Four basic factors of production?

Land, labor, capital, and entrepreneurship.

What is land and natural resources labor capital and entrepreneurship?

Factors of Production

Related questions

What are the five factors of production?

The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources

Define factors of production?

Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.

What are four factors of production?

Labour Land Capital Entrepreneurship

What are the four factors of production in making steel?

The four factors of production are: Natural resources Capital Labour Entrepreneurship.

What is Considered one of the primary factors of production plus?

Entrepreneurship

Which factors of production earn the most income in Pakistan?

Entrepreneurship

Factors of production history?

Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.

Four basic factors of production?

Land, labor, capital, and entrepreneurship.

What is land and natural resources labor capital and entrepreneurship?

Factors of Production

What is the goal of entrepreneurship?

use the factors of production to create something of value

What are the four factors of production of a car?

WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items

What does the theory of production deal with?

The theory of production deals with the relationship between the factors of production and the output of goods and services

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