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An individual who undertakes the formation of an organisation for commercial purposes by recognizing the potential demand for goods and services and there by acts as an economic agent and transforms demand and supply.”
Which of the following have Q uoted above definition of An entrepreneur?
  • a)
    Ricardo Cantillon
  • b)
    Adam Smith
  • c)
    Peter F. Drucker
  • d)
    Joseph Schumpter
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
An individual who undertakes the formation of an organisation for comm...
This individual is commonly known as an entrepreneur. They identify opportunities in the market and take the initiative to start a new business or organization to fulfill the demand for goods and services. Entrepreneurs are risk-takers who invest their time, money, and resources into creating and managing a venture with the aim of making a profit. They play a critical role in the economy by creating jobs, generating wealth, and driving innovation.
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An individual who undertakes the formation of an organisation for commercial purposes by recognizing the potential demand for goods and services and there by acts as an economic agent and transforms demand and supply.”Which of the following have Q uoted above definition of An entrepreneur?a)Ricardo Cantillonb)Adam Smithc)Peter F. Druckerd)Joseph SchumpterCorrect answer is option 'B'. Can you explain this answer?
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An individual who undertakes the formation of an organisation for commercial purposes by recognizing the potential demand for goods and services and there by acts as an economic agent and transforms demand and supply.”Which of the following have Q uoted above definition of An entrepreneur?a)Ricardo Cantillonb)Adam Smithc)Peter F. Druckerd)Joseph SchumpterCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about An individual who undertakes the formation of an organisation for commercial purposes by recognizing the potential demand for goods and services and there by acts as an economic agent and transforms demand and supply.”Which of the following have Q uoted above definition of An entrepreneur?a)Ricardo Cantillonb)Adam Smithc)Peter F. Druckerd)Joseph SchumpterCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An individual who undertakes the formation of an organisation for commercial purposes by recognizing the potential demand for goods and services and there by acts as an economic agent and transforms demand and supply.”Which of the following have Q uoted above definition of An entrepreneur?a)Ricardo Cantillonb)Adam Smithc)Peter F. Druckerd)Joseph SchumpterCorrect answer is option 'B'. Can you explain this answer?.
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