An entrepreneur is best described as A. someone that is hired to work in a firm B. someone who creates human capital C. someone with the ability to combine other resources in a productive enterprise D. anyone who owns productive enterprise E. anyone who produces long-lived physical capital

Question

Business

Stanley Bright

16 October, 18:20

An entrepreneur is best described as A. someone that is hired to work in a firm B. someone who creates human capital C. someone with the ability to combine other resources in a productive enterprise D. anyone who owns productive enterprise E. anyone who produces long-lived physical capital

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Onie · Answer 1

C. someone with the ability to combine other resources in a productive enterprise

Explanation:

An entrepreneur creates a business from scratch and makes it a success. A business begins as an idea that is transformed and developed into a successful enterprise. The entrepreneur forms the ideas and sources for means and ways of actualizing it into a successful venture.

The entrepreneur provides the factors of production required to actualize his or her idea. Entrepreneurship is one of the inputs in production. The entrepreneur put together the other factors of capital, land, and labor and forms an enterprise that produces other goods and services at a profit.