An entrepreneur organizes __________ for production.(1 point)

Responses

capital and resources
capital and resources

skills and machinery
skills and machinery

raw materials
raw materials

new ideas

capital and resources

The correct answer is "capital and resources." An entrepreneur organizes capital and resources for production. Capital refers to the financial resources needed to start and run a business, such as money to invest in equipment, supplies, and hiring employees. Resources include physical assets like land, buildings, machinery, and raw materials. By organizing and utilizing capital and resources efficiently, entrepreneurs can effectively manage the production process and achieve their business goals.

An entrepreneur organizes capital and resources for production.