Question

A. "Entrepreneurs bear the risk of business decisions"."Entrepreneurs earn wages".C. Entrepreneurship is the work time and work effort that people devote to producing goods and services.B.Entrepreneurship is the work time and work effort that people devote to producing goods and services.D. Entrepreneurship earns rent.

Answer 1

Entrepreneurs bear the risk of business decisions

Step-by-step explanation:

There are four factors of production: land , labour, capital and entrepreneurship.

An entrepreneur combines all the factors of production. An entrepreneur earns profit. An entrepreneur bears the risk of the business.

Land includes all natural resources used in the production process. Land earns rent

Labour is all human effort used in the production process. Labour earns wages.

Capital are all goods used in the production process that is acquired with money. Capital earns interest.

I hope my answer helps you.