Question

Which examples best describe the importance of entrepreneurship in a free-enterprise economy? Check all that apply.

Erin is a mechanic who starts her own garage and creates jobs in her community.
Georgette is a professor who invents a computer software program and sells it to a large corporation.
Petra is a sculptor who opens a retail store to sell the work of artists in her community.
Wes is a contractor who joins his friends in launching a new business that creates jobs.
Corrine is a pharmacist who invents a product that leads her company to expand its workforce.
Trey is a veterinarian who helps a national corporation expand its chain of pet hospitals.

Answer 1

The answer is A and C

Step-by-step explanation:

Edge 2021

Answer 2

- Erin is a mechanic who starts her own garage and creates jobs in her community.

- Petra is a sculptor who opens a retail store to sell the work of artists in her community.

Step-by-step explanation:

A person will be considered as an Entrepreneur who takes financial risk in order to open up new businesses. They will be considered as the owners of the business and will be the person who will receive the most results from the failure or success of the business.

Erin and Petra would be included in this category since they were the one that created the businesses and provided the job opportunities.

Georgette, Wes, Corrine, and Trey would be considered as employees since they're working for the owner of the companies rather than creating them.