How does an entrepreneur different from an inventor?

A.VERIFIED ANSWERfact-checked by tutors

An entrepreneur is not an inventor as an inventor only discovers new products and services and an entrepreneur combines the new products and new services and applies innovation to produce better ideas and services.

Suggested Q&A

GENERAL · CLASS 10

GeneralCLASS 10
Explain the role of an entrepreneur as an innovator and job and wealth generator.
GeneralCLASS 10
The spirit of entrepreneurship helps an individual to grow. Explain this statement in detail.
GeneralCLASS 10
Explain the process of entrepreneurship in detail.
GeneralCLASS 10
Explain the role of entrepreneur as described by Peter Drucker.
GeneralCLASS 10
How does Jean Baptiste Say envisage the role of the entrepreneur?
GeneralCLASS 10
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.