the organisation of productive factors is the reponsibility of the?

Analyze the question: It asks which party is responsible for organising the factors of production (land, labour, capital).

Explain the concept: In Economics, there are four factors of production: land, labour, capital, and entrepreneur. The entrepreneur is the factor that brings the other three together. The entrepreneur:

• Organises and combines land, labour and capital
• Takes the initiative to start the business
• Makes key decisions on what, how and how much to produce
• Bears the risk and uncertainty of the business, and earns profit (or suffers loss) as a result

Step-by-step solution:

• A. Management: Managers carry out day-to-day running of the firm, often on behalf of the owners. In many contexts, management is employed by the entrepreneur, so it is not the original organiser of the factors. It is a plausible distractor, but not the best answer for the economic concept of "factor organisation."
• B. Entrepreneur: This is the factor whose defining function is organising and combining the other factors of production. ✔
• C. Production manager: Only supervises the production department, which is a narrow role.
• D. Labour union: Protects workers' interests and has nothing to do with organising production.

Answer: The entrepreneur, which is option B.

Exam tip: Remember the keyword pairing: "Organises + risk-bearing = Entrepreneur." If a question mentions combining land, labour and capital, or bearing risk, think entrepreneur. "Management" is usually about running the day-to-day affairs of an existing business.