Mrs. Charles operates a small roti shop in Port of Spain. She takes risks, organises resources, and makes business decisions. Which factor of production does Mrs. Charles provide?

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Question

Mrs. Charles operates a small roti shop in Port of Spain. She takes risks, organises resources, and makes business decisions. Which factor of production does Mrs. Charles provide?

Accepted Answer

Enterprise — Award 1 mark for identifying enterprise as the factor that involves risk-taking, organisation, and decision-making in combining other factors of production. A is incorrect — land refers to natural resources. B is incorrect — labour is human effort, not the organising function. C is incorrect — capital refers to man-made production aids.

Answer

Labour

Answer

Land

Answer

Capital

Answer

Enterprise

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