Question

Give reasons "The entrepreneur is called a leader of the organization".

Answer 1

Ans. An entrepreneur is the factor of production who brings together land, labour and capital coordinate and control factors of production, control and supervise the production activity and ready to accept risk and uncertainty of the business therefore an entrepreneur is the leader of the organisation.

Answer 2

• An entrepreneur is person who brings idea and works to make it real.
• He is a person who arranges land, labor, and capital investment.
• He is also the person who controls the production activities and manages the whole organization.
• Moreover, he is the person who takes the risk of uncertainty of business.
• Therefore, he is called the leader of organization.