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Entrepreneur

The entrepreneur acts as the leader. He or She decides how the business is run. He or She decides in what proportions the elements should be combined.


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Kumar Bhanushali

a year ago | 1 min read

A person who organises the factor (resource) under assumes the risks and uncertainties associated with production is called an entrepreneur.

  • The entrepreneur acts as the company's manager and makes key decisions on how the company will operate.A productive resource that coordinates labour, capital, natural resources, and technology is an entrepreneur.

Feature of an Entrepreneur

  • Distance vision
  • Bravery
  • The standard of a leader
  • Ability to plan ahead
  • Plus expertise
  • Commercial acumen
  • Moral character
  • Understanding of psychology
  • Able to make decisions

Entrepreneurship's function in economic growth

Serves in the capacity of an administrator.

  • Play the coordinator's position.
  • Effective use of the labour force
  • Distributes the proper compensation to each production element.
  • Has a critical innovative function to play.
  • Other (especially pertinent to emerging and less-developed nations)

Thanks,

Kumar Bhanushali

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Kumar Bhanushali

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