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Q: What production factor is the most important in creating wealth?
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The factor of production that contributes most to creating wealth is?

Entrepreneurship enables business to thrive by guaranteeing opportunity and basic freedoms to operate. Freedoms, generally speaking, include the freedom of choice (choice of what service and product to provide), freedom from excess regulation (governments do not limit the capabilities of a business), and freedom from too much taxation (the business gets to keep more of its income, creating incentive to do more business and make more income). Therefore Entrepreneurship is the factor of production that contributes most to creating wealth. The Four Factors of production are: Natural Resources Capital Human Resources Entrepreneurship


Why is the economic efficiency of economies important?

it is major factor in nation's wealth


Why is the economic efficiency of market economies important?

it is major factor in nation's wealth


Why are noblewomen from the middle ages important to history?

they were objects for creating heirs, and showing off wealth


According to William Jennings Bryan what is the most important activity of business men?

Creating wealth


What does Canada get most of its wealth from?

Oil, Gas and logging are dominant there. Manufacturing and auto production are also important.


What factor contributed most to the growth of trade in new kingdom?

wealth


What are the dynamic process of creating incremental wealth?

dynamic process of creating incremental wealth is called Entrepreneurship. so search on entrepreneurship :)


The factors of production are the result of what historical changes?

The factors of production, key to a capitalistic system, are the result of historical changes that made labor a key to creating wealth, made real estate out of land that had been in families for generations, and made capital out of possessions.


Which factor is most contributing factor to increase nation's wealth?

The largest factor is the amount of labor.


What is the name for a factor that causes a population to stop increasing?

the factor that causes a population to stop increassing is called depopulation


The study of the production and distribution of our wealth is?

economics i guess