What microloans The 2006 Nobel peace prize winner Muhammed yurus has said that \

Question

What microloans The 2006 Nobel peace prize winner Muhammed yurus has said that "all people are entrepreneurs: and that microloans will pull poor people out of pounty. Only 14 percent of Americans are entrepreneurs while almost 40 percent of Peruvians are Most Americans earn their income from the services of the factor of production the income they is called capital; profit labor; a wage land; rent labor; profit capital; interest so many people in peru are entrepreneurs because entrepreneurs in peru earn a higher income than entrepreneurs in the united states people in peru have better entrepreneurial skills than people in the united states most jobs in peru are given to highly-educated immigrants Peruvians prefer to make a profit rather than earn a wage peru is a poorer country than the united states, so peru has more limited employment opportunities

Explanation / Answer

The correct choice is b

Explanation : - Labor, land and capital are the three traditional factors of production . Business units of the economy employ these three factors to produce goods and services. Most Americans are factors of production in the form of labor and the money earned is called wages .

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The correct choice is E

Explanation : The country Peru is poor when compared to United States and the manufacturing and services sectors in Peru is not as well developed as in the United States. Hence a large number of Peruvians start their own business to make a living and therefore we find more entreprenuers in Peru than in United States.

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