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Which of the following is one of the four factors of production? A Competitors B Enterprise C Growth D Quality - AQA - GCSE Business - Question 6 - 2022 - Paper 1
Question 6
Which of the following is one of the four factors of production? A Competitors B Enterprise C Growth D Quality
Worked Solution & Example Answer:Which of the following is one of the four factors of production? A Competitors B Enterprise C Growth D Quality - AQA - GCSE Business - Question 6 - 2022 - Paper 1
Step 1
Identify the correct factor of production
Answer
The four factors of production typically include land, labor, capital, and enterprise. Among the options listed, the correct answer is B Enterprise, as it refers to the entrepreneurial ability to combine the other factors to produce goods and services.