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Write a Word Or Phrase Or a Term Which Can Substitute the Following: a Person Who is an Innovator Who Introduces New Combinations of Means of Production. - Organisation of Commerce and Management

Answer in Brief

Write a word or phrase or a term which can substitute the following:
A person who is an innovator who introduces new combinations of means of production.

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Solution

A person who is an innovator who introduces a new combination of means of production – Entrepreneur.

Explanation:
An entrepreneur is an innovator, as he introduces a new combination of means of production. This combination of means of production can be made by introducing new products, new techniques, new markets, new sources of raw materials, etc.

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APPEARS IN

Balbharati Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board
Chapter 3 Entrepreneurship Development
Exercise Q.1 | Q 3.3 | Page 50
Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 8 Entrepreneurship Development
Write a word or phrase | Q 3 | Page 190
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