Question

who is a entrepreneur ? write any two characteristics of entrepreneur as the factor of production?​

Answer 1

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. ... Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.

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