Question:
The primary function of an entrepreneur in the economy is to:
(1) provide capital for investment.
(2) innovate and bear the risks of production.
(3) manage the day-to-day operations of a firm.
(4) ensure that all workers are paid equal wages.
(5) follow government regulations.
Correct Answer:
(2)
Answer Explanation:
While managers handle operations and capitalists provide money, the Entrepreneur is the special factor that combines them all. Their unique role is innovation and risk-bearing in pursuit of profit.
Topic: Introduction Year: 2024
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