Entrepreneurship is
A) the talent for organizing the use of land, labor and capital, among other things.
B) skill in influencing government regulators and legislators.
C) accumulated technical knowledge in using labor and capital.
D) knowledge of the particular natural resources to be found in a given area.
A
Economics
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In competitive markets, negative economic profits are eliminated by entry to the industry
a. True b. False Indicate whether the statement is true or false
Economics
Exhibit 4-3 Supply and demand curves
In Exhibit 4-3, which of the following might cause a shift from S2 to S1?
A. A decrease in input prices. B. An improvement in technology. C. An increase in input prices. D. An increase in consumer income.
Economics