Entrepreneurs drive businesses in a market economy by utilizing technology and seeking profitability through serving customers efficiently.
Entrepreneurs are the key individuals who build businesses in a market economy by hiring workers, acquiring resources, and producing goods and services for consumers. They play a crucial role in driving innovation and economic growth.
In a market economy, technology and the knowledge applied to production, alongside entrepreneurs, are essential factors that contribute to the organization of resources and the creation of new products and services.
Most entrepreneurs are motivated by monetary profits in a market economy, where serving customers efficiently while managing expenses leads to financial success.
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