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Questions
Distinguish between an entrepreneur and an organiser.
What is the difference between an entrepreneur and an organizer?
Solution 1
Entrepreneur and organiser:
- An entrepreneur is a person who carries the risk of business and coordinates the activities of all the other factors of production.
- An organiser performs only the functions of an organisation but does not perform the other functions of an entrepreneur.
Solution 2
| Entrepreneur | Organiser | ||
| (i) | A person who organises the business by coordinating the activities of other factors of production. | (i) | An organiser performs all the organisational functions. |
| (ii) | He bears all the risk. | (ii) | An organiser does not bear any risk. |
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