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What are the two roles of an entrepreneur?
A
The entrepreneur organises land, labour and capital and bears the risk of producing for a market.
B
The entrepreneur provides land, labour and capital and receives guaranteed income from producing for a market.
C
The entrepreneur employs only labour and avoids the risk of producing for a market.
D
The entrepreneur sets government regulations and controls consumer demand for producing in a market.
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1.3.5 role of the entrepreneur in contemporary economies: risk and organisation of the other factors of production Flashcards
24 flashcards on CIE Intl A Level Economics 1.3.5 role of the entrepreneur in contemporary economies: risk and organisation of the other factors of production: the key terms and definitions you need to recall.