Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
What does a capitalist entrepreneur need?
Options:
Capital
Natural resources
Labour
All of above
Correct Answer:
All of above
Explanation:
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.