The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the
A) manager.
B) entrepreneur.
C) stockbroker.
D) banker.

Question

Quizplus · Accepted Answer

An entrepreneur is an individual who takes the initiative and brings together economic resources for a business venture. As such, they assume the risk of the venture in hopes of making a profit. While managers may oversee daily operations, they typically do not assume the same level of financial risk as entrepreneurs. Stockbrokers and bankers may play a role in the financial aspects of a business, but they do not necessarily assume the same level of responsibility as an entrepreneur.

The Individual Who Brings Together Economic Resources and Assumes the Risk