What concept involves the combination of the Factors of Production?

The concept that involves the combination of the Factors of Production is enterprise. Enterprise refers to the initiative and capability to start and manage a business, bringing together various resources necessary for production. These resources include land, labor, capital, and entrepreneurship.

In this context, enterprise is crucial because it is the driving force that organizes and combines these factors to create goods and services. Entrepreneurs are individuals who take on the risks of starting and managing businesses, using the factors of production effectively to innovate and meet market demands.

The other options do not adequately capture the essence of combining the Factors of Production. While "business" refers to an organization that produces goods or services, it does not specifically highlight the role of combining various factors. "Service" pertains to the provision of intangible products, and "capital" refers to one specific factor of production—financial resources or assets used in the production process.