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The resource of labour contains the special category of entrepreneurship. A corn farmer in Alberta takes a risk and starts a new farm on land
The resource of labour contains the special category of entrepreneurship.
A corn farmer in Alberta takes a risk and starts a new farm on land that was previously thought unfit for growing corn. If his new farm succeeds because of the farmer's new growing technique, the farmer will earn a substantial profit.
Because the use of a new farming technique represents a person's creative input into production, it is an example of:
a) Entrepreneurship
b) Capital
c) Land
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