Answered

Which statement best explains the role of entrepreneurs in a market economy?
They consume products provided by innovators.
They take existing businesses and make them more profitable.
They avoid the risks that cause businesses to fail.
They produce innovative goods to meet consumer needs and wants.



Answer :

GinnyAnswer

Final answer:

Entrepreneurs are vital in a market economy as they innovate and meet consumer demands through the production of goods and services.


Explanation:

Entrepreneurs are crucial in a market economy as they produce innovative goods to meet consumer needs and wants. They play a key role in the economy by seeking new ways to organize factors of production and earn profits, driving the market forward. Entrepreneurs take risks by starting new businesses or developing new products based on consumer demand.


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