The aim of an entrepreneur is to earn as much profit as possible. The entrepreneur belongs to ______________.

socialist economy

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capitalist economy

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mixed economy

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all of the above

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Solution

The correct option is A capitalist economy
The entrepreneur who belongs to capitalist economy operates in a free economy framework. Hence, he aims to earn as much profit as possible.

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Similar questions

Which of the following statements does not clearly distinguish between entrepreneurship and management?

(a) Entrepreneurs found the business; managers operate it

(b) Entrepreneurs are the owners of their business; managers are employees

(d) Entrepreneurship is once for all activity; management is a continuous activity

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