Which statement best summarizes how entrepreneurship, one of the four factors of production, was able to contribute to the devel

Question

prohojiy [21]

4 years ago

15

Which statement best summarizes how entrepreneurship, one of the four factors of production, was able to contribute to the devel

opment of an industrial economy in Great Britain?

History

2 answers:

Oksanka [162] · Answer 1 · 2022-01-14T20:38:35+03:00

Oksanka [162]4 years ago

8 0

Answer is B for Apex

lakkis [162] · Answer 2 · 2022-01-14T19:06:39+03:00

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.