Question

________ ability is the talent or ability to combine land, labor, and capital to produce goods and services.

Answer 1

Entrepreneurial ability is the skill to combine land, labor, and capital to produce goods and services, and is critical in the efficient use of production factors.

Step-by-step explanation:

The entrepreneurial ability is the talent or ability to combine land, labor, and capital to produce goods and services. Entrepreneurs are often considered the fourth factor of production, alongside land, labor, and capital. They play a critical role in bringing together the other factors of production and initiating the production process. Having the right combination of human capital, physical capital, and technology can significantly impact the efficiency and productivity of a business or economy.