Enterprise: the fourth factor of production
ID:CVETF
Video Overview
Classical economists identified three types of resources (or factors) of production, namely land, labour and capital. However, in modern economics, we identify a fourth factor: enterprise (or entrepreneurship). Entrepreneurs are the people who are responsible for innovative ideas and unconventional thinking. Without people like this, we wouldn’t have smartphones, personal computers or satellite television. Entrepreneurs are vital in the economy because they create wealth for millions of people around the globe. In this video we will look at some famous South African entrepreneurs and discuss their role in the modern economy…
Member Area
UNREGISTERED? - CHOOSE A PLAYLIST TICKET
Please note
Internet access is required to view this product. You will be required to stream the online videos, which means you will incur data charges. Charges fluctuate depending on the length and complexity of the video.
These subscriptions will auto renew. E-mails will be sent to you 10 days before as a warning that it's about to auto renew. If you wish to cancel a subscription, you can visit 'Member Area - My Tickets and Subscriptions', where you can exercise the option to cancel.