The individual who brings together economic resources and assumes the risk in a capitalist economy is called the:
a. Stockbroker
b. Entrepreneur
c. Banker
d. Manager
b. Entrepreneur
Economics
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Another term for intermediaries who specialize in reducing transaction costs is
A) service providers. B) consultants. C) middlemen. D) revenue agents.
Economics
If this firm were a perfect competitor, at what price would it charge in the long run?
A. $10.10 B. $12.80 C. $14.20 D. $15.90
Economics