The role of the entrepreneur in society is toMultiple Choiceprovide capital to the firm which the management combines with labor.bring the factors of production together and take the risks of producing.control the land upon which all production takes place to get the most rent.regulate what products are considered safe to market.

A business’s major role is toMultiple Choiceenable healthy competition.ensure operating efficiency.facilitate manufacturing.satisfy customer needs.

According to Schumpeter, what is the role of an entrepreneur in society?a.To disrupt markets and break existing practices.b.To utilize existing knowledge in markets.c.To bring markets back to equilibrium.d.To discover profitable opportunities in markets based on price differentials.

Freedom of choice enables:Multiple Choiceowners of property to employ and dispose of their properties as they see fit.entrepreneurs to set up any form of business entity as per law.entrepreneurs to procure and use resources that are required to produce goods and services at their own will.consumers to maximize their utility by paying the minimum price for goods and services.

The entrepreneur is the actor and entrepreneurship isthe act

How is society helping entrepreneurs in their business?