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Which of the following is not a function of an entrepreneur? - Economics

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Question

Which of the following is not a function of an entrepreneur?

Options

  • Innovation

  • Risk bearing

  • Organization of factors of production

  • Monetary Policy

MCQ
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Solution

Monetary Policy

Explanation:

  • Monetary policy is the responsibility of central banks and government institutions, not entrepreneurs.
  • Entrepreneurs are responsible for innovation, risk bearing, and organizing factors of production to create and manage businesses.
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Chapter 1: Factors of Production - Exercise [Page 27]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 13. | Page 27
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