One basic difference between "labor" and "entrepreneur" is that:
A) Labor is hired by a firm whereas the entrepreneur owns the firm
B) An entrepreneurs has high-level skills whereas labor does not
C) Labor performs manual work whereas an entrepreneur performs mental work
D) Education is important for an entrepreneur but not for labor

Question

Quizplus · Accepted Answer

Labor refers to the group of employees who work for a firm or organization, while an entrepreneur is a person who sets up and owns a business or enterprise. Therefore, labor is typically hired by a firm whereas the entrepreneur is the owner of the firm.

One Basic Difference Between "Labor" and "Entrepreneur" Is That