A person which decides what to produce and combines the other factors of production is the?
Answer Details
A person who decides what to produce and combines the other factors of production is an entrepreneur. An entrepreneur is an individual who identifies a need or an opportunity in the market and takes the necessary steps to create a business venture that satisfies that need or takes advantage of that opportunity.
The entrepreneur is responsible for bringing together the other factors of production, such as land, labor, and capital, and for making decisions about how to allocate those resources in the most efficient and effective way possible. The entrepreneur takes on the risks and rewards of the business venture, and must be able to adapt and innovate in response to changes in the market or shifts in consumer demand.
In short, an entrepreneur is someone who creates and runs a business venture, combining the other factors of production to create goods or services that meet a market need or demand.