Questions and Answers
According to Cantillon, what does an entrepreneur do?
Bears uncertainty, buys labor and materials, and sells products at uncertain prices
According to Schumpeter, what does an entrepreneur do?
Supplies new products; makes new techniques of productions; discovers new markets
According to Geoffrey Meredeth, what is a key ability of entrepreneurs?
Ability to see and evaluate business opportunities, gather necessary resources, and initiate appropriate action
What does Prof. Nathaniel Left imply about entrepreneurship?
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What is a characteristic of an entrepreneur according to the text?
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