24.0k views
4 votes
Although entrepreneurship is risky, entrepreneurs can make a lot money.
a) True
b) False

User Dvkch
by
7.9k points

1 Answer

4 votes

Final answer:

It is true that entrepreneurs can make a lot of money despite the risks involved. They are calculated risk-takers who assess benefits against potential risks and contribute to market innovations and economic growth.

Step-by-step explanation:

Although entrepreneurship is indeed associated with risk, it is true that entrepreneurs can make a lot of money if they are successful. Entrepreneurs are individuals who take the initiative to organize various resources, invest their own capital, and shoulder the uncertainty in the pursuit of creating and delivering goods or services in the market. While they are often labeled as risk-takers, successful entrepreneurs are calculated in their approach, assessing potential benefits and weighing them against the risks before committing their resources. A critical aspect of entrepreneurship is the notion of the 'market revolution', which transformed the social and economic landscape by enabling entrepreneurs to innovate and challenge existing market norms, thus potentially leading to significant wealth creation.

User JohnBegood
by
7.9k points