Question

Catherine inherited a lot of money and decided to start a business. She has purchased a building, bought tools and machinery, and hired employees. Her main problem is that she has no business experience, no ideas, and no experience creating products. Which category of economic resource does she require?
A.
labor

B.
entrepreneurial ability

C.
land

D.
capital

Answer 1

I’m pretty sure it’s B

Because she is new at business and is just starting out. Her new business has originated from her self therefore making her self-employed. Entrepreneur