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Give Reason Or Explain: the Entrepreneur is Called a Leader of the Organization. - Economics

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Short Note

Give reason or explain:

The entrepreneur is called a leader of the organization.

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Solution

An entrepreneur is a person who undertakes the task of production. He organises tasks, controls the activities related to production and distribution, and also bears the risk of failure of the business. Thus, an entrepreneur is regarded as a leader of the organisation.

Concept: Factors of Production - Organisation
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 2.1 | Page 60

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