A Critical Element of Entrepreneurship (As Opposed to Managerial Skills)is

question 2

Multiple Choice

A critical element of entrepreneurship (as opposed to managerial skills) is

• A)leadership skills.
• B)risk taking.
• C)technology.
• D)political skills.

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Definitions:

Individual Producers

Entities or persons that create goods or provide services in an economy, ranging from small businesses to large corporations.

Single Tax

A system where only one type of tax is levied, often proposed as a land value tax where only the value of land itself is taxed, excluding the value of buildings or improvements.

Land

A factor of production that refers to the natural resources used to produce goods and services.

Economist

A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.