The Role of the Entrepreneur in an Economy Is to

question 27

Multiple Choice

The role of the entrepreneur in an economy is to

• A)Bring the factors of production together and assume the risk of production.
• B)Work with government planners to determine what goods are produced.
• C)Arrange bank financing for the owners of new businesses.
• D)Ensure full employment of labor.

---

Definitions:

Golem Effect

A psychological phenomenon where lower expectations placed upon individuals either by themselves or others lead to poorer performance.

Failure Syndrome

A persistent feeling or belief of inadequacy rooted in repeated experiences of failure or lack of success.

Personal Conditions

The circumstances or factors that pertain to an individual's life, including health, financial status, and personal relationships.

Growth

The process of increasing in size, value, or importance; often used in a personal, economic, or business context.