mention any four characteristics of entrepreneurs as a factor of production
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Here are 10 characteristics that set successful entrepreneurs apart:
Passion and Motivation. ...Not Afraid to Take Risks. ...Self-belief, Hard Work and Disciplined Dedication. ...Adaptable and Flexible. ...Product and Market Knowledge. ...Strong Money Management. ...Effective Planning (Not Over-Planning) Skills. ...The Right Connections.
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Explanation:1.The entrepreneur is the person who is responsible to put all the other factor together like land, labour, money and machineries.
2.The entrepreneur have to make its supplier whom he has to sell his product.
3.He also have to arrange for other factor such as land labour and machineries.
4.The entrepreneur is also responsible for analysing the profit and loss of company or any activity.
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