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The factor of production which takes the initiative in combining resources for production is known...

Economics
WAEC 2012

The factor of production which takes the initiative in combining resources for production is known as

  • A. capital
  • B. land
  • C. entrepreneur
  • D. labour
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Correct Answer: Option C
Explanation

An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit.

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