Unit 1.2 Slides

Tuesday, 14 November 2006

Entrepreneurs

An Entrepreneur is a person who brings together the factors of production.
Land, Labour and Capital are the others.

Entrepreneurs are not always the inventor of a product, but rather they:
  • develop the business idea
  • raise the finance to help put the product into production.
  • They are risk takers, as every new venture is not certain to succeed.

You will find out more about famous entrepreneurs like Richard Branson here.

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