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The Power of Entrepreneurs

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Questions and Answers

Which of the following is NOT a characteristic of successful entrepreneurs?

Ability to control large amounts of money (correct)

Ability to coordinate resources

Ability to promote capital formation

Ability to make judgments and assume risks

What role does an entrepreneur play in a capitalist economy?

They eliminate uncertainty in the market

They divert resources towards profit opportunities (correct)

They make all economic decisions

They control the economy

What is the main function of an entrepreneur in a dynamic profit-and-loss system?

To drive efficient discovery (correct)

To promote capital formation

To control the market

To eliminate uncertainty

How does an entrepreneur help clear up uncertainty in the market?

<p>By making judgments</p> Signup and view all the answers

What does Karl Marx describe as the system in which a small group of people control large amounts of money and make important economic decisions?

<p>Capitalism</p> Signup and view all the answers

The Power of Entrepreneurs

Choose a study mode

Podcast

Questions and Answers

Which of the following is NOT a characteristic of successful entrepreneurs?

What role does an entrepreneur play in a capitalist economy?

What is the main function of an entrepreneur in a dynamic profit-and-loss system?

How does an entrepreneur help clear up uncertainty in the market?

What does Karl Marx describe as the system in which a small group of people control large amounts of money and make important economic decisions?

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