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1.)Why are entrepreneurs willing to risk their time and money? 2.)How could future entrepreneurs be affected by a law that limits profits? 3.)Economists speak of
1.)Why are entrepreneurs willing to risk their time and money?
2.)How could future entrepreneurs be affected by a law that limits profits?
3.)Economists speak of four categories of resources: land, labor, capital, and entrepreneurship. Suppose that country A has much more land, labor, and capital than country B, but it has no entrepreneurs. Country B, however, has many entrepreneurs. In which country would you prefer to live, and why?
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