The most accurate is statement is entrepreneurship and knowledge are the most important in creating wealth (D)
Production means the process of extraction and transformation of raw materials into finished good as well as delivering it to the final consumer.
The four recognized factors of production are Land, Labor, Capital and Entrepreneur.
The most effective and important factor of production is the Entrepreneur. Without the service of the entrepreneur, the other factor of the production cannot be well-utilized.
The entrepreneur is called the brain-box of production.
In conclusion, entrepreneurship and knowledge are the most important in creating wealth.
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