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______ is a person who starts a business. - Economics

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Question

______ is a person who starts a business.

Options

  • Capital

  • Labourer

  • Entrepreneur

  • Landlord

MCQ
Fill in the Blanks

Solution

Entrepreneur is a person who starts a business.

Explanation:

  • An entrepreneur is a person who starts and manages a business, taking on financial risks in the hope of making a profit.
  • They organize resources such as capital and labour to create products or services.
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Factors of Production Entrepreneur
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Chapter 1: Factors of Production - Exercise [Page 27]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 18. | Page 27
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