Catherine inherited a lot of money and decided to start a business. She has purchased a building, bought tools and machinery, and hired employees. Her main problem is that she has no business experience, no ideas, and no experience creating products. Which category of economic resource does she require?

A.
labor

B.
entrepreneurial ability

C.
land

D.
capital

Respuesta :

I’m pretty sure it’s B

Because she is new at business and is just starting out. Her new business has originated from her self therefore making her self-employed. Entrepreneur

Catherine inherited a lot of money and decided to start a business. She has purchased a building, bought tools and machinery, and hired employees. Her main problem is that she has no business experience, no ideas, and no experience creating products. The category of economic resource she requires is Entrepreneurial ability.

What is Entrepreneurship?

The process in which a person decides to start a new business or venture with a unique idea is called Entrepreneurship. The person who generates the idea and starts the business is known as Entrepreneur.

Characteristics of Entrepreneur:

  • Innovation
  • Passion
  • Self Confidence
  • Creativity
  • Leadership
  • Risk Taking
  • Decision making
  • Communication

Hence option B is the correct answer,

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