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Explain five ways in which the entrepreneur contributes to the production of goods

Explain five ways in which the entrepreneur contributes to the production of goods.

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i). Identifies viable business opportunities
ii).Provides guidelines on how production should be organized
iii).Provides the capital necessary to carry on production
iv).Hires /provides all other factors of production
v).Bears all the risks
vi).Decides how/ where/ when / what to invest in the business
vii).Rewards all the factors of production. (Any 5×2=10mks)

john3 answered the question on November 24, 2017 at 10:51

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