In the context of factors of production, which of the following statements is true of entrepreneurs?
A) They are people who write and establish government policies.
B) They avoid taking the risk of launching and operating their own businesses.
C) They thrive in an environment that supports economic freedom.
D) They are rarely motivated by any profit incentive to run a business.

Question

Quizplus · Accepted Answer

Entrepreneurs thrive in environments that support economic freedom because such environments provide the flexibility and opportunities needed to innovate, take risks, and potentially earn profits.

In the Context of Factors of Production, Which of the Following