Question

Which statement best summarizes how entrepreneurship, one of the four factors of production, was able to contribute to the development of an industrial economy in Great Britain?

Answer 1

Answer is B for Apex

Answer 2

The correct option is B.
There are four factors of production, these are land, capital, labor and entrepreneur. Without entrepreneur, the other three factors of production can not be put to use. The government of Great Britain support entrepreneurs by making policies that make it easier for people to establish companies. Great Britain was instrumental in bringing forth most industrial and technological advancements that was experienced during the industrial revolution.