Without entrepreneurship, economic success

cannot be guaranteed.

Which of the following is not a factor of

production?

Capital,

as a factor of production, is created when

In South Africa, the

quality of labour is just as important as the size of the labour force.

The term "human

capital" refers to the number of workers.

Labour, as a factor

of production, refers only to physical labour.

Which

of the following is not an example of a natural resource?

Many natural resources come from the

earth and are, therefore, unlimited.

Owners of natural resources receive

rent as income for making natural resources available for producing goods and

services.