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Commerce · Q206

Economics

Graduate and Post Graduate · Commerce · question 206

Q206

Which of the following input factor takes risk, innovates and coordinates

A.
Capital
B.
Labour
C.
Productivity
D.
Entrepreneur
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Entrepreneur input factor takes risk, innovates and coordinates. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.