Factor of production: Enterprise



Factor of production: Enterprise
Enterprise is also called the entrepreneurship. Enterprise is when the owner of the business manages the 3 factors of production and takes the risk to earn his or her business objectives. The supply of this factor of production can be increased if the establishment of small businesses is promoted. If people get good education or training, they would be able to increase the supply of enterprise. This factor of production also has mobility as the person who has the ability to take risks and manage the 3 factors of production can do any business.






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