Functions of entrepreneurs as a factor of production

Functions of entrepreneurs as a factor of production

  • Identifies viable business opportunity
  • Combine the other factors of production
  • Provides capital required to carry out production
  • Employs and rewards other factors of production
  • He bears all the risks and losses
  • Enjoys the profits
    He makes all the decisions on the business
    He controls and manages the business




Functions of entrepreneurs as a factor of production      Identifies viable business opportunity     Combine the other factors of production     Provides capital required to carry out production     Employs and rewards other factors of production     He bears all the risks and losses     Enjoys the profits     He makes all the decisions on the business     He controls and manages the business



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