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

Corporate

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Entrepreneur

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Multinational company

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Non-governmental organisation

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Solution

The correct option is B Entrepreneur
The person or organising body that effectively combines the three factors of production—land, capital, and labour— to make a profit is called an entrepreneur.

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Land, labour, capital and entrepreneurship are factors of production.

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