Risk and uncertainty bearing function of an entrepreneur.

Ans. Meaning: -An entrepreneur is one who organizes the factors of production and takes necessary actions to run the business.
The new Encyclopaedia of Britannica defines “An entrepreneur is an individual who bears the risk of operating a business in the face of uncertainty about the future conditions”.

Peter F Drucker defines: - “one, who always searches for change, responds to it and exploits it as an opportunity”.


Risk and uncertainty Bearing: - The entrepreneur assumes the risks of his business. A person who can take risk can become an entrepreneur. Risk taking is the heart of entrepreneurship. Those who are not inclined (of a mind) to take risk cannot become entrepreneurs. It is to be noted that successful businessman take calculated risks.