ECONOMICS
OPPORTUNITY COST
Question
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Which of these terms is the BEST synonym for the word “entrepreneur”?
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“business owner”
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“home owner”
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“employee”
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“student”
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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.
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