I'm a student at a faculty of economics. The professor asked us a question to which I still can not find an answer, which is why entrepreneurship is part of the production factors? I would be very grateful to you!
Every ship needs someone at the wheel. The sea is rough and there is a lot of fog around. That makes it difficult to steer. Entrepreneurship is hard to measure, so it exists in many econonic models as invisible part of factors labor, knowledge and capital.