USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
People who risk their own money to organize and run businesses are known as
A
capitalists
B
entrepreneurs
C
robber barons.
D
investors.
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: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

Detailed explanation-3: -entrepreneur. noun [ C ] /ˌɑn·trə·prəˈnɜr, -ˈnʊər/ a person who attempts to make a profit by starting a company or by operating alone in the business world, esp.

Detailed explanation-4: -Risk-taking in entrepreneurship is the process of identifying, evaluating, mitigating, and trying out potential opportunities and strategies that may help you build or grow your business but could also lead to personal or professional loss.

Detailed explanation-5: -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.

There is 1 question to complete.