173k views
1 vote
True or False: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.

User Rami Nour
by
8.4k points

1 Answer

7 votes

Final answer:

The statement is true; entrepreneurs are indeed individuals with vision, drive, and creativity who take calculated risks to start and manage a business, aiming for innovation and profit.

Step-by-step explanation:

True or False: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit. This statement is True. Entrepreneurs are indeed characterized by their vision, drive, and creativity. They play a crucial role in the economy by bringing together various factors of production, which include capital, labor, natural resources, and their own entrepreneurial spirit to create a product or service. These individuals are known for taking calculated risks and investing their own money, time, and effort into their ventures, aiming to fill a niche in the market or improve upon existing products or services. When successful, their innovations can lead to profit and can make significant contributions to the market and broader economy.

User Tianzhou
by
8.6k points