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| Topic: |
Technology
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| Number of pages / Number of words: |
7 / 1890 |
Essay's paper body
CONCEPT CHECK
5. Rewards and risk are related.
a. Those companies that take the most risk may make the most profit.
b. As a potential business owner, you should do research to find the right balance between risk and profit.
D. THE FACTORS THAT ARE NEEDED TO CREATE WEALTH
1. THE FACTORS OF PRODUCTION the resources businesses use to create wealth...
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THE FACTORS THAT ARE NEEDED TO CREATE WEALTH
1. THE FACTORS OF PRODUCTION the resources businesses use to create wealth.
a. LAND (and other natural resources)
b. LABOR (workers)
c. CAPITAL (e.g., money, machines, tools, and buildings)
d. ENTREPRENEURSHIP
e. KNOWLEDGE.
2. Some experts believe that the most important factor of production is KNOWLEDGE...
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