I do my classes online and my book is online and it doesn't talk about this at all and i have done called and told my school but they will not fix it please help.
Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they
A. organize the other factors and make things happen.
B. have historically been successful.
C. are motivated by the desire to make a profit.
D. can overcome scarcity by making new choices.
I vote for A.
http://www.acton.org/pub/religion-liberty/volume-12-number-3/jean-baptiste-say
To answer this question, we can start by understanding who Jean-Baptiste Say was and his ideas about entrepreneurs. Jean-Baptiste Say was a French economist who made significant contributions to the field of economics in the 19th century. He is most well-known for his concept of the "entrepreneur" as the fourth factor of production.
Now, let's analyze the options given:
A. Organize the other factors and make things happen: This option aligns with Say's concept of entrepreneurs being proactive individuals who organize and coordinate the other factors of production to bring goods and services to market. They take the initiative to make things happen, so this could be a good answer.
B. Historically been successful: While it may be true that entrepreneurs have historically been successful in some cases, this does not directly align with Say's idea of why entrepreneurs should be called the fourth factor of production. So, this option is less likely to be the correct answer.
C. Motivated by the desire to make a profit: This option refers to the motivation behind entrepreneurship, which is profit. Say believed that entrepreneurship is driven by the desire to make a profit, which encourages individuals to take risks and innovate. So, this could also be a good answer based on Say's ideas.
D. Overcome scarcity by making new choices: While entrepreneurship can certainly lead to new choices and opportunities, this option does not specifically align with Say's concept of entrepreneurs as the fourth factor of production. So, this option is less likely to be the correct answer.
Considering the information discussed above, Option C seems to be the most accurate answer. Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they are motivated by the desire to make a profit, which drives them to organize and coordinate the other factors of production to bring goods and services to market.