Entrepreneurship is the factors of production involves taking risks and combining resources to produce a good or service.
The factors of production are resources that are the building blocks of the economy; they're what people use to provide merchandise and services. Economists divide the factors of production into four classes - land, labor, capital and entrepreneurship.
Entrepreneurship is defined as the act of beginning and running your own business or a bent to be artistic and need to figure for yourself in your own ventures. associate degree example of entrepreneurship may be a one that is running his own business.
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