Answered

Discover new information and get your questions answered with IDNLearn.com. Get the information you need quickly and accurately with our reliable and thorough Q&A platform.

Which statement about factors of production is the most accurate?

A. Each of the factors of production is equally important in creating wealth.
B. The five factors of production are energy, capital, labor, leadership, and money.
C. Entrepreneurship and knowledge are the most important in creating wealth.
D. Wealth creation in poor nations is slowed by chronic shortages of labor.

Sagot :

GinnyAnsweridn

Final answer:

Entrepreneurship and knowledge are pivotal in creating wealth as they drive innovation and productivity.


Explanation:

Entrepreneurship and knowledge are the most important factors in creating wealth. While all factors play a role, entrepreneurship involves taking risks, innovating, and organizing resources, which are crucial for economic growth. Knowledge, in terms of human capital and technological advancements, drives productivity and innovation, leading to wealth creation.


Learn more about Factors of production here:

https://brainly.com/question/988852


Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.