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Answer :
Final answer:
The person who risks starting and managing a business is called an entrepreneur. Entrepreneurs are essential to the economy, as they create jobs and drive innovation. Other terms provided, like venture capitalist and franchiser, refer to different roles in business.
Explanation:
Understanding the Entrepreneur
The correct answer to the question regarding who takes the risk of starting and managing a business is entrepreneur. An entrepreneur is a person who identifies a business opportunity, develops a business plan, and assumes the financial risks associated with starting and running a business.
The Role of Entrepreneurs
Entrepreneurs play a crucial role in the economy by creating jobs, driving innovation, and generating wealth. For example, someone like Elon Musk is a well-known entrepreneur who started companies such as SpaceX and Tesla, both of which have changed their respective industries.
Other Options Explained
- Ultra Capitalist: This term is not commonly used in academic or economic discussions.
- Venture Capitalist: A venture capitalist provides funding for startups but does not necessarily manage the business.
- Franchiser: A franchiser is a person or company that sells the rights to open and operate a franchise, but they are not the ones who typically risk starting a business from scratch.
- Capitalistic Adventurer: This term is not standard in business terminology.
Therefore, in the context of the question, the most appropriate answer is entrepreneur.
Learn more about Entrepreneurship here:
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