Question

________economists considered the entrepreneur as the owner of the business enterprise
a) physical economist
b) classical economist
c) dynamic economist
d) nominal economist​

Answer 1

Answer:

(b) classical economist

Explanation:

A classical economist  considered the entrepreneur as the owner of the business enterprise .

Answer 2

(b). Classical economist the entrepreneur as the owner of the business enterprise.

Explanation:

• Classical economics is an English school of economic thinking that began with Adam Smith in the late eighteenth century and culminated in the writings of David Ricardo and John Stuart Mill.
• Classical theories of entrepreneurship majorly focused on the virtues of free trade, competition and specialization. These theories defined the role of an entrepreneur in terms of production and distribution of goods in a competitive marketplace (Teriyaki, 2013).
• Classical approaches explain the distinctiveness of entrepreneurship by watering down perfect rationality to a selective instead of a generalized feature among the population, and complete information to be costly dispersed instead of freely available