Alfred Marshall's theory of Entrepreneurship is as follows:-
Alfred Marshall in his principles of Economic (1890) held land, labour, Capital and organisation as the four factors of production and consider entrepreneurship as the driving factor that brings these four factors together.
The characteristics of a succt entrepreneur include;-
*} Thorough understanding of the industry
*} Good leadership skills
*} Foresight on demand and supply changes and the willingness to act on such risky foresights.
Alfred Marshall in his principles of Economic (1890) held land, labour, Capital and organisation as the four factors of production and consider entrepreneurship as the driving factor that brings these four factors together.
The characteristics of a succt entrepreneur include;-
*} Thorough understanding of the industry
*} Good leadership skills
*} Foresight on demand and supply changes and the willingness to act on such risky foresights.
