Register
Entrepreneur and inventors play an important role in the United States economy. Write a paragraph that explains how people who take risks and bring new products to market help the economy.
140k views
4 votes
Entrepreneur and inventors play an important role in the United States economy. Write a paragraph that explains how people who take risks and bring new products to market help the economy.

User Zuleyma
by
4.4k points

1 Answer

5 votes

Answer:

entrepreneur risks resources (natural, human and capital) to bring a new or improved product or service to market. The entrepreneur may not have invented the product or service. Explain that profit is the incentive for the entrepreneur. Give examples of inventions that are no longer used, but are important because they lead to other inventions. Describe the benefits society gets from inventors and entrepreneurs.

Step-by-step explanation:

User SAK
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Great Britain is an example of a: O A. Dictatorship O B. Republic with unitary system O C. Constitution monarchy with parliamentary system D. Oligarchy with federalist system​
Is there a correlation between the size of an empire and the amount of power it holds in the world?
What was the effect of the rise of the mass media during the 1920s? A) It led to increased membership in labor unions. B) It contributed to the development of a national culture. C) It caused mass migration
Thomas Edison Is considered one of the greatest investors because he was responsible for
Name African Amer 1. What was the Middle Passage in the Slave Trade?
Link Copied!