INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who acts as a coordinating agent in a capitalist economy?
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Manager
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Finance Officer
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Broker
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Entrepreneur
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Explanation:
Detailed explanation-1: -In economist-speak, an entrepreneur acts as a coordinating agent in a capitalist economy. This coordination takes the form of resources being diverted toward new potential profit opportunities. The entrepreneur moves various resources, both tangible and intangible, promoting capital formation.
Detailed explanation-2: -In capitalism, entrepreneurs are responsible for such economic decisions as what to produce, how much to produce, and what method of production to adopt.
Detailed explanation-3: -Answer: d. Serial entrepreneurship is correct answer. hope it helps.
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