asked 94.1k views
3 votes
What are the 4 key resources for business?

1 Answer

3 votes

Final answer:

The four key resources for business are land, labor, capital, and entrepreneurship.

Step-by-step explanation:

The four key resources for business are land, labor, capital, and entrepreneurship. Land refers to natural resources such as land, oil, minerals, and timber. Labor represents the workforce or people involved in production. Capital refers to the machinery, equipment, and tools used in the production process. Entrepreneurship is the ability to combine the other three resources to create a business venture.

answered
User Zephyr Guo
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.