Give an Example of Entrepreneurship as a Factor of Production

question 34

Essay

Give an example of entrepreneurship as a factor of production, and describe the role that is played by an entrepreneur.

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Definitions:

Marijuana

A psychoactive drug from the Cannabis plant, used for medical or recreational purposes, known for its effects on mood, perception, and cognitive functions.

Life Expectancy

The average period that an individual is expected to live, based on statistical measures related to a particular population.

Obesity

A medical condition characterized by an excessive accumulation of body fat, often defined as a body mass index (BMI) of 30 or higher, which poses significant health risks.

Smoking

The act of inhaling and exhaling the smoke of tobacco or other substances, often associated with a range of health risks.