while most people have the ability to contribute to the production of goods and services,not everyone could be a succesful business person and be able to employ and organize resources in a firm.A firm is an organization that owns a factory or a member of factories,offices,or perhaps even shops,where goods and services are produced.Business know-how,or the ability to run a production process,is known as enterprise.The people who have enterprise and can control and manage firms are called entrepreneurs.They are the people who take the risk and decisions necessary to make firms run successfully