Question

mention any four characteristics of an entrenuer as a factor of production

Answer 1

Four characteristics of an entrepreneur are:

1.Enterpreneurs create new ideas, concepts and opportunities by surveying the commercial or economic environment.

2. Entrepreneurs take risks by setting up enterprises to implement their new ideas and concepts.

3.The entrepreneurs start business with better planning and a wider vision. As a result, the scope for future growth and development is more.

3.Enterpreneurs creates more job avenues.More and more people can get employment when a business is set up by an entrepreneur.