What is the role of an entrepreneur?

[Starmix]

An entrepreneur plays a vital role in the economy by the following:

1. Identifying opportunities;

2. Taking risks;

3. Innovating;

4. Organizing resources;

5. Creating jobs, and

6. Driving economic growth.

The entrepreneur can spot gaps or needs in the market. They are also taking risks by investing time, money, and effort despite uncertainties. An entrepreneur brings together capital, labor, and materials to start and run a business. The entrepreneur also provides employment opportunities and contributes to increased production and wealth in the community.

 

[Kross]

An entrepreneur see as gap and finds a way to organize factors of production to exploit that gap in the market.