Two factors of production that seem to contribute the most to a nation's ability to create wealth are:
A) land and labor.
B) land and capital.
C) entrepreneurship and labor.
D) entrepreneurship and knowledge.

Question

Quizplus · Accepted Answer

While all factors of production (land, labor, capital, and entrepreneurship) are important, in today's knowledge-based economy, entrepreneurship and knowledge are arguably the most crucial factors in creating wealth. Entrepreneurs create new businesses and jobs, while knowledge and innovation drive technological advancements, productivity gains, and economic growth. Without these two factors, a country may struggle to compete and flourish in the global economy.

Two Factors of Production That Seem to Contribute the Most