Entrepreneur is the factor of production involves taking risks and combining resources to produce a good or service.
The inputs required to produce a thing or service are known as factors of production, and they include land, labour, entrepreneurship, and capital.
The wealthiest people in a society are frequently those who control the key factors of production. In capitalism, company owners and investors frequently have influence over the production variables. In socialist regimes, the state (or community) frequently has more control over the production-related inputs.
People who own their own businesses are known as entrepreneurs. They are the ones who take the chances and mix the three production components in a company.
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