Tuesday, August 27, 2013

Adam Smith famous quotation

    ”It is not from the benevolence of the baker, the brewer and the butcher that we get our daily meal but from their own interests”  Adam Smith (1723-1790)
In a nutshell, He/she is described as a capitalist employer seeking profit; a risk taker, a monopolist, a coordinator an innovator and an organizer of means of production. A person of all these attributes in operations may be termed as entrepreneur.He is a person who organizes, operates and assumes the risk of a business venture.

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