ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these terms is the BEST synonym for the word “entrepreneur”?
A
“business owner”
B
“home owner”
C
“employee”
D
“student”
Explanation: 

Detailed explanation-1: -nounperson engaged in private ownership of business. backer. banker. bourgeois. businessperson.

Detailed explanation-2: -Entrepreneurs are the founders and creators of new products or services, while small business owners start a type of business that already exists within the marketplace. For example, an entrepreneur starts a revolutionary new type of equipment to cut hair, whereas a business owner opens a haircutting salon.

Detailed explanation-3: -administrator. backer. businessperson. contractor. executive. founder. impressario. industrialist. More items

Detailed explanation-4: -proprietor. possessor. landowner. co-owner. holder. landlord. coproprietor.

There is 1 question to complete.