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which of the factors of production involves taking risks and combining resources to produce a good or service?

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Entrepreneurs is the factors of production involves taking risks and combining resources to produce a good or service.

Entrepreneur combines the remaining factors of production to earn a profit.

The factors of production are resources that are the building blocks of the economy; they're what people use to provide goods and services. Economists divide the factors of production into four forms: land, labor, capital, and entrepreneurship.

For example, an entrepreneur brings together gold, labor and machinery to provide ornaments. The entrepreneur takes on all the risks and presents that include producing an honest or service.

An entrepreneur is a one that combines the other factors of production - land, labor, and capital - to earn profit. Someone who takes these decisions together with the appropriate risk is an entrepreneur.

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