Which of the following factors of production is the most important contributing factor to increasing a nation's wealth?
A)natural resources.
B)entrepreneurship.
C)labour.
D)capital.

Question

Quizplus · Accepted Answer

While all factors of production play important roles, entrepreneurship is the driving force behind innovation and economic growth. Entrepreneurs identify new opportunities, create new products or services, and bring them to market, which leads to increased production and greater wealth for a nation. Without entrepreneurship, a country may have abundant natural resources, skilled labor, and capital investment, but may not be able to make optimal use of them to generate economic growth.

Which of the Following Factors of Production Is the Most