The Primary Reason Why Individuals Are Willing to Pay Entrepreneurs

question 188

Multiple Choice

The primary reason why individuals are willing to pay entrepreneurs to organize production is

• A)that they have to guarantee that the entrepreneur will make a profit
• B)they avoid taxation when activities are organized by someone else
• C)that it is better for businesses to pay taxes than individuals
• D)that it reduces transaction costs
• E)that entrepreneurs are more vulnerable in the case of the owner

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Definitions:

European Immigrants

Individuals from Europe who move to another country for various reasons, including seeking better living conditions, employment opportunities, or to escape conflicts.

Commercial Ties

Relationships or connections between nations or organizations based on trade, business transactions, and economic activities.

Emigration

The act of leaving one's country of origin to live in another country.

Ulster

A historical province in the north of Ireland, known for its unique cultural and political identity, often associated with the Protestant population.