WAEC Economics 2012 Objective — Question 23
Question 23 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
Advertisement
The factor of production which takes the initiative in combining resources for production is known as
- A. capital
- B. land
- C. entrepreneurCorrect
- D. labour
Explanation
Entrepreneur is the factor of production that organizes and coordinates the production process. He initiates and combines other factors.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.