Which of the following resources is necessary in order to combine efficiently the other resources to produce goods and services?
A)natural resources
B)capital
C)labor
D)entrepreneurial ability
E)financial institutions

Question

Quizplus · Accepted Answer

While all the resources listed are important, entrepreneurial ability is the resource necessary for combining the other resources efficiently. Entrepreneurs are able to see opportunities to combine resources in unique ways to create goods and services that are valuable to consumers. They are able to take risks and innovate, which is necessary for economic growth and development. Without entrepreneurial ability, the other resources may not be used to their fullest potential.

Which of the Following Resources Is Necessary in Order to Combine