Question

mention any four characteristics of enterpreneur as a factor of production​

Answer 1

Question:

→mention any four characteristics of enterpreneur as a factor of production...

Answer:

• The entrepreneur provides all the factors of production - land, labour, capital and enterprise himself and constantly innovates his business to stay competitive within the limited resources he has.

• The entrepreneur has the ability to take on big companies with the help of a single, powerful idea.

Explanation:

→An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

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