Enterprises

Enterprise is the factor of production that organises the other factors of production into a production unit to produce a good/service. It undertakes all the inherent risks in the hope of making a profit.

One of the FACTORS OF PRODUCTION, along with LAND, LABOUR and CAPITAL. The creative juices of CAPITALISM; the ANIMAL SPIRITS of the ENTREPRENEUR.

Sources:

⠀ https://tutorschooleconomics.wordpress.com/2017/05/02/land-labour-capital-enterprise/ https://www.economist.com/economics-a-to-z/e#node-21529712