PRC-3 · Chapter 1 · Question 38 of 61
Mr. Zain notices a lack of affordable ride-sharing services in his city. He invests his own savings, hires developers, and launches a new app, absorbing all the financial risk if it fails. Which economic factor does Mr. Zain represent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Entrepreneurship
Explanation
Entrepreneurship involves organizing the other factors of production to create a business while bearing the associated financial risks.
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