What does a capitalist entrepreneur need? |
Capital Natural resources Labour All of above |
All of above |
Entrepreneurs may themselves supply the capital needed to run the enterprise, or they may borrow the capital. To carry out production they also need natural resources – a part consumed in the process of production (e.g. raw materials) and a part fixed (e.g. plots of land). And they also need the element of human labour to carry out production. |