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Factors of Production — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production2 Marks
Question
What is the difference between an entrepreneur and an organizer?
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Answer

An entrepreneur is a person who bears all risks and uncertainties involved in the business.
An organiser is a person who actually does the work of organisation and management. He is paid for his services.

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