Question

The role of the entrepreneur in society is to

A. Bring the factors of production together and take the risks of producing
B. Provide capital to the firm which the management combines with labor
C. Control the land upon which all production takes place to get the most rent
D. Work with other elected officials to determine what goods are produced

Answer 1

The role of the entrepreneur in society is to A. Bring the factors of production together and take the risks of producing.

Step-by-step explanation:

Entrepreneurs play a vital role in economic systems by bringing together the factors of production—land, labor, and capital—to create goods or services. Option A accurately describes this role, emphasizing the entrepreneur's function in organizing and managing resources while shouldering the risks associated with production. Entrepreneurs identify opportunities, innovate, and drive economic growth. Options B, C, and D describe roles more aligned with other economic agents—capital providers, landowners, and government officials—highlighting the unique and pivotal role entrepreneurs play in fostering innovation, economic development, and wealth creation.

Option A is the answer.