Which of the following would lead some to become an entrepreneur and influence the choice of goods or services to produce?
A) Competition
B) Profit
C) Degrees of competition
D) Government regulation
E) Monopolistic competition

Question

Quizplus · Accepted Answer

Profit is a major motivation for becoming an entrepreneur, as individuals seek to earn income from their business ventures. The potential for higher profits can also influence the choice of goods or services to produce, as entrepreneurs may identify opportunities in more lucrative markets or industries. While factors such as competition, degrees of competition, government regulation, and monopolistic competition can also impact an entrepreneur's decisions, none of them specifically align with the question of what motivates individuals to become entrepreneurs and how they choose the goods or services they produce.

Which of the Following Would Lead Some to Become an Entrepreneur