Answer each of these questions in about 15 words:
What is an Enterprise?
Who is an Entrepreneur?
Who plays the role of an entrepreneur in a socialist country?
Answers
Enterprise :
Enterprise is the business organisation that is formed to provide goods and services and services, hence contribute to the national income and economic development.
Entrepreneur :
An Entrepreneur is the person who is responsible for setting up a business or enterprise. The process of such creation excretion is called entrepreneurship. The entrepreneur is the actor and entrepreneurship is the act. The outcome of the actor and the act is called enterprise.
The state government plays the role of an entrepreneur in a socialist country.
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Here are some more questions from this chapter :
Explain any two advantages of being an Entrepreneur.
https://brainly.in/question/18056328
Explain any two disadvantages of being an Entrepreneur.
https://brainly.in/question/18056278
Answer:
- Enterprise is the activity of managing companies and businesses and starting new ones.
- a project or undertaking especially bold or complex one or a business or company eg a joint company enterprises between French and China
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