What is an entrepreneur?
What will be an ideal response?
An entrepreneur is someone who operates a business, bringing together the factors of production to produce goods and services.
You might also like to view...
"The U.S. government should not use my tax dollars to subsidize people on welfare"
A) is a positive economic statement because it simply describes one person's opinion. B) is a normative economic statement because it involves a value judgment about an economic policy. C) is a positive economic statement because it predicts that my tax dollars will go to welfare. D) is a normative economic statement because it is a scientific fact.
Which of the following is the smallest portion of the market basket of goods that makes up the CPI?
A) housing B) food and beverages C) transportation D) apparel