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What is the role of an entrepreneur in the production process?
  • a)
    To manage the labor force only
  • b)
    To combine various factors of production and take risks
  • c)
    To provide financial capital exclusively
  • d)
    To regulate market prices
Correct answer is option 'B'. Can you explain this answer?
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What is the role of an entrepreneur in the production process?a)To manage the labor force onlyb)To combine various factors of production and take risksc)To provide financial capital exclusivelyd)To regulate market pricesCorrect answer is option 'B'. Can you explain this answer? for NPSC (Nagaland) 2026 is part of NPSC (Nagaland) preparation. The Question and answers have been prepared according to the NPSC (Nagaland) exam syllabus. Information about What is the role of an entrepreneur in the production process?a)To manage the labor force onlyb)To combine various factors of production and take risksc)To provide financial capital exclusivelyd)To regulate market pricesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for NPSC (Nagaland) 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the role of an entrepreneur in the production process?a)To manage the labor force onlyb)To combine various factors of production and take risksc)To provide financial capital exclusivelyd)To regulate market pricesCorrect answer is option 'B'. Can you explain this answer?.
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