Ways in which an entrepreneur contributes to the production of goods

Ways in which an entrepreneur contributes to the production of goods

  • Identifies viable business opportunities
  • Provides guidelines on how production should be organized/ take/ place/ Coordinate
  • Provides the capital necessary to carry on production
  • Hire/ rewards all other factors of production
  • Bears all the risks/ incurs losses/ enjoys all profits
  • Decides how/ where/ when / what to invest the business
  • Provides/ avails/ assembles/ marshals other factors of production




Ways in which an entrepreneur contributes to the production of goods


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