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Entrepreneur and inventors play an important role in the United States economy. Write a paragraph that explains how people who take risks and bring new products to market help the economy.
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14 votes
14 votes
Entrepreneur and inventors play an important role in the United States economy. Write a paragraph that explains how people who take risks and bring new products to market help the economy.

User Tspano
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16 votes
16 votes

Answer:

entrepreneur risks resources (natural, human and capital) to bring a new or improved product or service to market. The entrepreneur may not have invented the product or service. Explain that profit is the incentive for the entrepreneur. Give examples of inventions that are no longer used, but are important because they lead to other inventions. Describe the benefits society gets from inventors and entrepreneurs.

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User Mc Kevin
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