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Entrepreneur As A Factor Of Production

The factors of production include land labor entrepreneurship and capital. He is the risk bearer and in consideration of this the profit maker as well.

Entrepreneur As A Factor Of Production Meaning And Functions

The entrepreneur is a person that controls and makes use of the other factors of production like land labour and capital in such a way that it can generate profit.

Entrepreneur as a factor of production. Land they say is appropriated from gifts of nature by human labour and entrepreneur is only a special variety of labour. Some economists are of the opinion that basically there are only two factors of productionland and labour. Factors of production are the inputs needed for the creation of a good or service.

Factors of production entrepreneurs. For example some economists define an entrepreneur as someone who goes about and. He is the person who organizes production by bringing together the other three factor of production land labor and capital.

Anything that helps in production is the factor of production. Factors of production are the parameters which. They are the starting point of the production process.

The entrepreneur is the one that initiates the process of production by mobilizing the other factors of production. T he entrepreneur is an organizer. Factors of production are the inputs needed for the creation of a good or service.

Entrepreneurs invest in the other factors of production in order to come up with products and services that would entice appeal to customers to buy. Entrepreneur as a factor of production. Factors of production.

A n entrepreneur as a person who controls the policy of the firm. They are the inputs for the process of production. The term entrepreneur as factors of production used for a person who willingly launch an enterprise and take the whole responsibility for the consequences and result from the business in the future.

Is the owner of any business company or enterprise who is mainly work to earn money by taking initiative and risk. Thus entrepreneur ship is a trait or quality owned by the entrepreneur. He organizes manages and controls the affairs of the firm.

These are the various factors by mean any resource is transformed into a more useful commodity or service.

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