Explain what an entrepreneur is and its function
What will be an ideal response?
An entrepreneur is a person who organizes, manages, and assumes the risks of a firm, taking a new idea or a new product and turning it into a successful business.
Economics
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A grocery store with few choices is found is most likely found in a nation with a market economy
a. true b. false
Economics
The free-rider problem is the absence of an incentive for
A) firms to produce public goods. B) people to use common resources. C) people to pay for what they consume. D) people to vote.
Economics