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True or False: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.

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Final answer:

The statement is true; entrepreneurs are indeed individuals with vision, drive, and creativity who take calculated risks to start and manage a business, aiming for innovation and profit.

Step-by-step explanation:

True or False: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit. This statement is True. Entrepreneurs are indeed characterized by their vision, drive, and creativity. They play a crucial role in the economy by bringing together various factors of production, which include capital, labor, natural resources, and their own entrepreneurial spirit to create a product or service. These individuals are known for taking calculated risks and investing their own money, time, and effort into their ventures, aiming to fill a niche in the market or improve upon existing products or services. When successful, their innovations can lead to profit and can make significant contributions to the market and broader economy.

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User Tianzhou
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