Entrepreneurship as a factor of production and functions of an entrepreneur
Answer Text: Entrepreneurship.-An entrepreneur is a person who brings together all factors of production to start and run a business thus creating goods and services.-Entrepreneurship is the ability to organize factors of production for effective production.Functions of an entrepreneur.-The entrepreneur organizes all other factor of production.-The entrepreneur provides other factors of production-The entrepreneur takes risk to start and operate the business-He or she rewards the other factors of production.-The entrepreneur identifies a business opportunity and owns the whole project.-He looks for resources to start and run a business.-The reward of entrepreneur is profit.