The risk of bankruptcy is one reason entrepreneurship is necessary in the production process.
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Q202: Entrepreneurship is the willingness to take risks
Q203: A free market requires business failure.
Q204: Firms must be guaranteed never to fail
Q205: In economics, the reward earned by entrepreneurship
Q206: If a firm's products are desirable, economic
Q208: Economic profit is an indication that consumers
Q209: An important driver of economic growth is
Q210: Countries that use intellectual property rights are
Q211: Profits serve as signals that direct resources
Q212: Without the possibility of business failures, firms
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