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Question

Which of the following refers to the person or organising body that effectively combines the three factors of production—land, capital, and labour—to make a profit?

A
Capital
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B
Entrepreneur
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C
Labour
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D
Land
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Solution

The correct option is B Entrepreneur
A person or organising body that effectively combines the three factors of productionland, capital, and labourto make a profit is called an entrepreneur.

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