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UI Post-UTME Commerce 2024 Question 8

Question 8

Production

The input to the production process which represents innovation and risk - taking is

  1. A.Entrepreneurship
  2. B.Capital
  3. C.Land
  4. D.Labour
  5. E.Knowledge
Show the answer and explanation

Answer: A (Entrepreneurship)

Explanation

The entrepreneur organises the other factors, innovates and bears the risk.