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Define the term entrepreneurship as a factor of production

      

Define the term entrepreneurship as a factor of production

  

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joseph
This is the ability to organize other factors of production in appropriate proportions for effective production. One therefore incurs cost of production, pays rent, wages for labor and buys the raw materials and finally reward by the profit made.
joseph rimiru answered the question on November 21, 2017 at 20:13


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