WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Laissez Faire
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Entrepreneur
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Immigration
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None of the above
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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 starts a new business.
Detailed explanation-3: -An entrepreneur is a person who starts a new business. What is entrepreneurship? Entrepreneurship is the process of starting a new business.
Detailed explanation-4: -Profit works as a signal to the entrepreneur in several ways. Most entrepreneurs start businesses to solve problems, offer alternatives to consumers or satisfy needs that are not being met. They develop business plans around their ideas and then implement them.