HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person who organizes, manages, and takes on the risks of business.
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An economic system
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Someone who works in a factory
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The owner of a mine
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Detailed explanation-1: -ˌäⁿn-Synonyms of entrepreneur. : one who organizes, manages, and assumes the risks of a business or enterprise. entrepreneurship.
Detailed explanation-2: -Often, since you can foresee a risk, you can establish a risk management plan to reduce its consequences and mitigate it rightly. Entrepreneurs are not necessarily risk takers. People who are about to start projects are no more risk-tolerant than others. However, entrepreneurs are more comfortable with risk over time.
Detailed explanation-3: -An entrepreneur undertakes a venture, organizes it, raises capital to finance it, and assumes the whole or major part of the risk of business. In other words, entrepreneurship is the process of giving birth to a new business. An entrepreneur is one of the most important inputs and segments of economic growth.
Detailed explanation-4: -Traditionally, an entrepreneur has been defined as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk“.