Question no 3005 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 86

SSC CGL Tier 1 :: GA Test 86

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1 .

Enterpreneurial ability is a special kind of labour that _____

[ A ] is hired out to firms at high wages
[ B ] organizes the process of production
[ C ] produces new capital goods to earn interest
[ D ] manages to avoid losses by continual innovation

Answer : Option B

Explanation :

Factors of production are the inputs to the production process. Many economists today consider 'human capi tal ' as the fourth f actor of production, with entrepreneurship as a form of human capital. In markets, entrepreneurs combine the other factors of production, land, labor, and capital, in order to make a profit.

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