How does Jean Baptiste Say envisage the role of the entrepreneur?
EconomicsClass 8CBSEAnswered 23 Jun 2026
Answer
According to Jean Baptiste Say, An entrepreneur is the one who avails the land, labour and capital and produces a product to earn profit.
This can be explained with the help off the following diagram:
Land
Labor
Capital
Profit
According to him an entrepreneur
- Sell the product and earns money
- Pays the rent of the land and gives wages to the laborers using that money and in addition to that makes his profit.
- Realizes the needs of the society
- Applies his innovative and creative ideas to serve the society.
Suggested Q&A
Economics · Class 8- EconomicsClass 8Explain the role of an entrepreneur as an innovator and job and wealth generator.
- EconomicsClass 8The spirit of entrepreneurship helps an individual to grow. Explain this statement in detail.
- EconomicsClass 8Explain the process of entrepreneurship in detail.
- EconomicsClass 8Explain the role of entrepreneur as described by Peter Drucker.
- EconomicsClass 8According 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.
- EconomicsClass 8Distinguish between an innovator and an inventor.
- EconomicsClass 8Mr. Anil always wanted to work for the development of the nation. In order to realize his dream he has now decided to become an entrepreneur as he believes that entrepreneur helps an individual in helping the nation by contributing to the Gross National Product. Do you think Mr. Anil’s opinion is correct? Justify your answer.
- EconomicsClass 8Mr. Ranjan residing in a rural area, realized that there was no STD facility and people had to travel very long to make any call. In order to find solution for this problem he thought of opening a small STD booth in his house. Within a month he started earning lots of money from his STD booth. Which feature of the entrepreneur is highlighted in the above case? Explain