What does the term entrepreneur in economics refers to:

CA Foundation · Business Economics · PYQS · January 2026
What does the term entrepreneur in economics refers to:
(A) A. The person combining factors of production, bearing risk, and innovating
(B) B. The person who only owns land or property
(C) C. The head of the marketing department
(D) D. The investor in machinery and products

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. The person combining factors of production, bearing risk, and innovating

Topics: Theory of Production and Cost

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