Question

Which of the following describe the role of an entrepreneur in a capitalist economic system?

A. someone who combines the factors of production into a business
B. someone who decides how much regulation the economy needs
C. someone willing to risk loss and failure for profit
D. someone with no ambition who assesses the market
E. someone who represents the public authorities

Answer 1

Hello there.

Which of the following describe the role of an entrepreneur in a capitalist economic system?

C. someone willing to risk loss and failure for profit

Answer 2

I think the correct answer from the choices listed above is option C. The role of an entrepreneur in a capitalist economic system is someone willing to risk loss and failure for profit. Capitalism is an economic system based on private ownership of the means of production and their operation for profit.