Final answer:
An entrepreneur is a person who takes on the responsibility and investment in a business or activity, coming up with ideas to create new products or services. They are risk-takers who combine the factors of production to meet consumer demands and make a profit.
Step-by-step explanation:
An entrepreneur is a person who takes on the responsibility and investment in a business or activity.
This individual typically comes up with ideas to create new products or services, or improves upon existing ones. They are the risk-takers who combine the factors of production to meet consumer demands and make a profit.
Examples of successful entrepreneurs include founders of companies like Amazon and FedEx.