An entrepreneur in a market economy takes risks to innovate and create new products or services for profit, driving economic growth.
Entrepreneur: An entrepreneur is an individual in a market economy who takes risks to create new products or services, seeking profits by innovatively organizing factors of production. They are the driving force behind new business opportunities and economic growth.
Risk-taker: Entrepreneurs are willing to risk failure in pursuit of success by introducing new or improved products, services, or ways of conducting business, like Amazon and FedEx did.
Market economy: Entrepreneurs play a vital role in market economies by adapting to changes, anticipating consumer needs, and creating value through their ventures, contributing to economic development.
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