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Topic Content:
- Meaning of Entrepreneur
- Functions of the Entrepreneur
- Characteristics of Entrepreneurs
- Importance of the Entrepreneur
An entrepreneur is a person who raises capital, initiates production ideas, and combines all other factors of production in order to produce and render services.
He/she is the organizer who coordinates all other factors of production, so as to ensure output. Entrepreneurs make all the decisions of business activities. The entrepreneur is the one who decides what to produce, how to produce, and for whom to produce. The reward for an Entrepreneur is Profit .
Functions of the Entrepreneur:
1. An Entrepreneur Organizes and Coordinates: Entrepreneurs combine all the factors of production for the maximization of profits.
2. An Entrepreneur Initiates:
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