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Classification: Ownership of Industries

A person, who...

Question

A person, who organises production, takes important decisions regarding production and bears the risk involved in the production process is called a/an

A

Labourer

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B

Entrepreneur

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C

Consumer

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D

None of the above

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Solution

The correct option is B
Entrepreneur

A person, who organises production, takes important decisions regarding production and bears the risk involved in the production process is called an entrepreneur.

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