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.
The US has been described as an oligarchy because economic elites and organized groups that represent special interests have substantial independent impacts on the US government policy.
