ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person that takes a risk by starting a new business.
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human capital
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capital goods
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entreprenuer
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tariff
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Explanation:
Detailed explanation-1: -A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.
Detailed explanation-2: -The correct answer is an entrepreneur as he is a person who initiates to take risks to start a new business and tends to make high profits.
Detailed explanation-3: -Risk-taking is an important part of entrepreneurship and business. Risk-taking is defined as trying out something new when the results are largely unknown. A risk-taker is someone who will risk everything in the hope of achieving their goals.
There is 1 question to complete.