Read the extract and answer the following questions. Shruti and her friends have an idea to start selling makeup kits. They already have saved money for the merchandise, models and displays. Since they all own the company, they will work for free. Name the factor of production which is not mentioned.
Explanation
The factor of production not mentioned is entrepreneurship, as Shruti and her friends are working for free, implying that they are the owners of the company and are managing it.
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