What role do entrepreneurs play in economics?

What role do entrepreneurs play in economics?
Photo Credit: Courtesy of 3DStockPhoto (role play image)
Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.
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What role do entrepreneurs play in economics?

Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.
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What are roles in role play?

Role-playing is the changing of one's behavior to assume a role, either unconsciously to fill a social role, or consciously to act out an adopted role.
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What do entrepreneurs do?

An entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. ... Others talk broadly about entrepreneurs as anyone who starts a new business in any capacity.
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What are 4 characteristics of entrepreneurs?

Steve and Billy discussed four key characteristics that entrepreneurs possess: Ambition and self-confidence. Willingness to take a leap of faith. Ability to learn from mistakes.
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What are the 4 types of entrepreneur?

It turns out that there are four distinct types of entrepreneurial organizations; small businesses, scalable startups, large companies and social entrepreneurs. They all engage in entrepreneurship. Yet entrepreneurs in one class think that the others aren't the “real” entrepreneurs.
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