Examlex

Solved

The Individual Who Brings Together Economic Resources and Assumes the Risk

question 154

Multiple Choice

The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the:


Definitions:

Economical

Economical pertains to the efficient and judicious use of resources, often with the aim of minimizing cost and waste while achieving a specific purpose or outcome.

Simple Design

The creation of a product or solution that is straightforward, easy to use, and free of unnecessary complexity.

Network Organization Design

A flexible approach to structuring an organization where coordination is achieved through informal networks and relationships rather than through a formal hierarchical structure.

Special Knowledge

Expertise or advanced understanding in a particular area or field, distinguishing an individual from the general population.

Related Questions