Advertisements
Advertisements
Question
Define the term ‘Entrepreneur’.
Definition
Advertisements
Solution
- An entrepreneur is a person who carries the risk of business and co-ordinates the activities of all the other factors of production.
- An entrepreneur is a person who arranges and coordinates other factors of production such as land, labour, and capital to produce goods and services.
- An entrepreneur takes on the uncertainties and dangers associated with the manufacturing process in order to profit.
shaalaa.com
Is there an error in this question or solution?
