Question

Which of the following describe the role of an entrepreneur in a capitalist economic system? (Select 2)

A. Someone who combines the factors of production into a business
B. Someone who decides how much regulation the economy needs
C. Someone willing to risk loss and failure for profit
D. Someone with no ambition who assesses the market
E. Someone who represents the public authorities

Answer 1

answers for the quiz :)

Step-by-step explanation:

1. -Someone who combines the factors of production into a business

-Someone willing to risk loss and failure for profit

2. It restricted monopolies and fostered competition

3. Standards for product safety

Answer 2

• Someone who combines the factors of production into a business

• -Someone willing to risk loss and failure for profit.

Step-by-step explanation:

An entrepreneur is a person who starts and sets up their business.

Characteristics of Entrepreneurs

• Entrepreneurs have Self-Motivation and effective communication skills.

• They are natural managers with the capability to motivate, encourage and inspire people in their team.

• They have Money management and handling skills.

• They are prepared to take a risk for profit.

• They take big decisions very carefully.

• They are confident,creative and Open-Minded.