The entrepreneur
An entrepreneur is a person who seeks out a business opportunity and takes on the risk of starting it. The entrepreneur brings together and organises the factors of production (land, labour and capital) and keeps the profit or bears the loss. Paper 1 asks who organises the factors of production in most years.
By the end of this page you can
- Define an entrepreneur and give an example
- List the traits of a typical entrepreneur
- Explain the functions of an entrepreneur
- Explain the entrepreneur’s role in economic development
Goals tick themselves off as you try the activities below.
Photo: Kurtkaiser, CC0, via Wikimedia Commons. Cropped (the truck’s name cropped off), toy figures blurred, resized, JPEG q72.
A food truck is a classic first business: one owner’s idea, savings and risk.
How often it shows up in past papers
All papers15 of 23 papers
Last 55 of 5 · 2023–2026
Paper 1 counts come from our past-paper bank of CSEC Principles of Business Paper 1s. The last-5 row shows how often it came up in the five most recent papers.
Inside this topic
- Who and whyLocked
- What entrepreneurs doLocked
- Key termsLocked
- Test yourselfmarkedLocked
- Practise for real · 14 past questionsLocked