Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

The role of the entrepreneur in society is to:__________
a) provide capital to the firm, which the management combines with labor.
b) bring the factors of production together and take the risks of producing output.
c) control the land upon which all production takes place and to get the most rent.
d) regulate what products are considered safe to market.


Sagot :

Answer:

b) bring the factors of production together and take the risks of producing output.

Explanation:

There are basically four factors of production which are required in order to ensure the manufacturing of output, which are land,labor,capital as well as an entrepreneur.

The role of an entrepreneur is to bring together all factors in order to serve the purpose of creating valued-added output that can be sold at a price higher than the cost price in order to make a profit.

All in all, the role of an entrepreneur is not just to provide capital or control land but bring all factors of production together

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.