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11 July, 05:07

Why were entrepreneurs an important part of the capitalist, or free enterprise, system?

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  1. 11 July, 07:09
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    The entrepreneurs an important part of the capitalist, or free enterprise, system because their economic activities affect the market greatly.

    Explanation:

    Entrepreneur are business owners who take risk in order to maximize their profits through their enterprise. He is the mastermind behind all the strategies and plans to run a business. The rate of profit is often depended on the rate of risk taken by the entrepreneur.

    The investments made by the entrepreneur affects the market in industrial or capitalist system.
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