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What is the result of having specialisation and mechanisation?
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Question 13: The flow of income gained from the economic resource called capital is interest.
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Question 14: Entrepreneurship is the process of identifying opportunities, creating, and managing a business venture, often involving innovation and risk. An entrepreneur is the individual who undertakes this process, taking on the risks and rewards of starting and running a business.
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Question 15: The result of having specialisation and mechanisation is typically increased efficiency, higher productivity, and lower production costs.
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