Question

Approximately 200 people are working on developing a new community just outside a major city. Unlike other communities in the area, the development will feature innovative amenities such as solar powered houses, bike paths, and small, locally owned stores. The decision to include these amenities is an example of which factor of production?
capital
entrepreneurship
labor
land

Answer 1

I'm thinking Entrepreneurship :)

Answer 2

Answer:

The right answer is option B “entrepreneurship”

Explanation:

Factor of productions are inputs used in the production process of goods and services. Entrepreneurship is one of them, defined as the capacity and willingness to develop, organize and manage a business project in order to avoid risks and make as many profits as possible. This factor is pretty useful because it is the phase in which the land, labor and capital are joint.