ENTREPRENEURSHIP

Detailed explanation-1: -According to him, entrepreneurs are intermediaries in the production process who combine productive agents such as land, capital and labor in order to meet the demand of consumers. As a result, they play a central role in the economy and fulfil a coordinating role.

Detailed explanation-2: -According to J.B. Say, “An entrepreneur is the economic agent who unites all means of production, land of one, the labour of another and the capital of yet another and thus produces a product.

Detailed explanation-3: -He argued strongly in favor of competition, free trade, and lifting restraints on business. Say’s Law of Markets suggests that all markets will clear because there will always be demand for something if it is supplied, given the right price.