Write the difference between
Business man vs entrepreneur.
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Answer:
A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business. The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise
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The difference between Business man vs entrepreneur:
- A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business.
- The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise.
- Businessman is earning profit or running business based on the market forces. However, the Entrepreneur is responsible for creating a market of goods and services provided by him by addressing the problem of bringing an idea to reality.
- Thus, one can say that all Entrepreneurs are businessmen but all businessmen need not be an Entrepreneur.
Learn more about Entrepreneur:
Briefly comment on an entrepreneur is his our loss
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Mention any four characteristics of an entrepreneur as a factor of production
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