15
QuizMultiple Choice

The Role of Entrepreneurs

Question 15 • FL-2106020-M/J Civics Advanced B

Which statement best explains the role of entrepreneurs in a market economy?

Answer
A
They consume products provided by innovators.
B
They take existing businesses and make them more profitable.
C
They avoid the risks that cause businesses to fail.
D
They produce innovative goods to meet consumer needs and wants.

Explanation

Entrepreneurs identify opportunities and organize resources to create or provide goods and services that meet consumers’ needs and wants. They often introduce innovative products and take on business risks, rather than avoiding them. Therefore, “They produce innovative goods to meet consumer needs and wants” best describes their role.

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