Question

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

a) Taking on financial risks to create and operate a business.
b) Providing labor in exchange for wages within established businesses.
c) Overseeing government regulations within the market.
d) Managing the distribution of resources in the economy.

Answer 1

Entrepreneurs in a capitalist economic system take on financial risks to create and operate a business, bringing new ideas and products to the market.

Step-by-step explanation:

The role of an entrepreneur in a capitalist economic system is to take on financial risks to create and operate a business. Entrepreneurs are the ones who come up with new ideas, products, or services and are willing to invest their own resources to bring them to market. They play a key role in organizing the factors of production and seeking profits in the market.