Entrepreneurs play a key role in which type of economy?
A) centrally planned economy
B) market economy
C) command economy
D) all of the above

Question

Quizplus · Accepted Answer

Entrepreneurs play a key role in a market economy, where they are able to create and innovate products and services based on demand and supply. In a centrally planned or command economy, the government controls the means of production and distribution, limiting the ability of entrepreneurs to create and innovate.

Entrepreneurs Play a Key Role in Which Type of Economy