Entrepreneurs are known to identify an unmet need or demand in the market and create a good or service that satisfies it. This leads to an increase in trade as the market now has a new product or service to consume. Therefore, option B is the best choice as it accurately describes the role of entrepreneurs in the market.

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Entrepreneurs

Question 166

Multiple Choice

Entrepreneurs

A) create services, but not goods.
B) increase trade by satisfying an unmet demand for a good or service.
C) increase trade by increasing the transaction costs of making trades.
D) create goods, but not services.

Correct Answer: