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Why is entrepreneurial ability distinct from labor?
Because entrepreneurial ability is directly engaged in production
What is Entrepreneurial Ability?
Entrepreneurial ability is refers to the ability to be able to manage a business well. This is one of the most critical factors of production.
What does entrepreneurial mean?
education
What are the elements of business system?
capital entrepreneurial ability land labor
What are elements of business system?
capital entrepreneurial ability land labor
Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
What do you mean by women entreprenuer?
woman who are involved in entrepreneurial activity
What is pick n pay's entrepreneurial qualities?
what uis pick n pay entrepreneurial qualities
How does one select on entrepreneurial to be pursued?
How does one select an entrepreneurial activity
Why is entrepreneurial ability considered a category of economic resource that is distinct from labor?
Because the entrepreneur; takes the initiative, makes strategic business decisions, innovates, and bears risk.Entrepreneurial ability is considered to be a completely separate factor of production.
What is the definition of adaptive entrepreneurial culture?
It is the ability for humans to change and create new ways of being. for example creating the internet to allow faster transmission of information
What is One difference between labor and entrepreneurial resources?
Labor resources refer to the human effort, skills, and time that contribute to production processes, while entrepreneurial resources involve the ability to identify opportunities, innovate, and organize other resources for economic gain. Essentially, labor is concerned with the execution of tasks, whereas entrepreneurial resources focus on the vision and strategy that drive business creation and growth.
