“Entrepreneur is a wealth generator.” Comment on this statement.

A.VERIFIED ANSWERfact-checked by tutors

Entrepreneur is called a wealth generator as when an enterprise is launched, an entrepreneur assembles all the factors so that he can achieve desired results. He introduces new products and methods of production to earn maximum. This profit earned by him helps in the generation of wealth.

Suggested Q&A

GENERAL · CLASS 10

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Explain the role of an entrepreneur as an innovator and job and wealth generator.
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The spirit of entrepreneurship helps an individual to grow. Explain this statement in detail.
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Explain the process of entrepreneurship in detail.
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Explain the role of entrepreneur as described by Peter Drucker.
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How does Jean Baptiste Say envisage the role of the entrepreneur?
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According to a famous thinker Peter Drucker, innovation is a specific instrument of an entrepreneur. Hence he believes that an effective entrepreneur converts a source into a resource. When is a source converted into a resource? Explain with the help if an example.