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Features of capital and entrepreneurship as factors of production

      

Features of capital and entrepreneurship as factors of production.

  

Answers


Francis
Capital.
Capital usually has an economic value to all involved in production.
Capital is always a man made source of production in the firm.
Capital in production is either in form of fixed capital or working capital.
Capital is usually a passive factor of production.
Entrepreneurship.
It is a factor of production that produces goods and services that are sold in the market or used for self-consumption.
It is the most important factor in production within the firm.
It is usually an active factor of production in the firm.
It usually arranges or combines all known factors of production to produce within a firm.

franco crick answered the question on March 5, 2018 at 10:20


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