What is the general term for groups of people who combine resources to achieve a common goal?

What is the general term for groups of people who combine resources to achieve a common goal?

• A. Capital
• B. Land
• C. Organisations
• D. Labour

Answer: (C)

The general term is an organisation because it describes a group of people who coordinate and combine resources to reach a shared goal. An organisation brings together capital (money and assets), land (natural resources), and labour (human effort) and aligns them through structure, roles, and processes to produce goods or services. The other options refer to the resources themselves rather than the grouping that acts to achieve the goal. Capital is money and assets, land is natural resources, and labour is human work. So the word that captures the idea of people working together to mobilize resources toward a common objective is organisations.

The general term is an organisation because it describes a group of people who coordinate and combine resources to reach a shared goal. An organisation brings together capital (money and assets), land (natural resources), and labour (human effort) and aligns them through structure, roles, and processes to produce goods or services. The other options refer to the resources themselves rather than the grouping that acts to achieve the goal. Capital is money and assets, land is natural resources, and labour is human work. So the word that captures the idea of people working together to mobilize resources toward a common objective is organisations.