61.9k views
3 votes
a unique individual who has the courage to under take the risk associated with creating, organizing and owning business

1 Answer

5 votes

Answer:

The description above defines an entrepreneur.

Step-by-step explanation:

According to traditional economics, there are at least four-factor namely:

  1. Land
  2. Labour
  3. Capital
  4. Entrepreneurship

More recent schools of thought have added information and technology that that list.

The entrepreneur still remains a critical part of the list given that it is responsible for putting together the other factors in such a way that value is given and received at the least cost possible.

Cheers

User Shocking
by
4.3k points