Who is considered an individual that combines land, labor, and capital to create and market new goods?

The correct answer is an entrepreneur because this term specifically refers to an individual who takes the initiative to combine various resources—namely land, labor, and capital—to produce and market new goods or services. Entrepreneurs are essential to the economy as they drive innovation and economic growth by identifying market needs and creating solutions. Their role involves not only the management and allocation of these resources but also assumes the associated risks of starting and operating a business.

In contrast, human capital refers to the skills, knowledge, and experience possessed by individuals that contribute to their productivity. A laborer is simply someone who performs manual or physical work and does not necessarily involve the combination of various resources for new product creation. A manager oversees operations and coordinates resources but typically does not involve themselves in the actual creation of new goods in the entrepreneurial sense. Therefore, entrepreneur is the most accurate term to describe someone who creates and markets new goods by combining these factors.