What Role Do Entrepreneurs Play In Capitalism? Entrepreneurs and capitalists meet that demand by creating goods and services with the hopes of generating a profit. Importantly, the consumer and supplier are two sides of the same coin. One does not exist without the other. … Clearly, the capitalist needs the consumer and the consumers needs
What Was The Effect Of Commercial Revolution? The commercial revolution revived Europe. It enhanced trade and farming, thus skyrocketing the population and setting the scene for the development of several European countries. What was the Commercial Revolution and why did it happen? The Commercial Revolution consisted of the creation of a European economy based on
What Are Two Characteristics Of The Commercial Revolution? Among the features associated with it were a surge in overseas trade, the appearance of the chartered company, acceptance of the principles of mercantilism What are 2 reasons why Europe experienced a Commercial Revolution? Better food and more wealth allowed for larger families. The migration of peoples
Can A Capitalist Be An Entrepreneur? Can a capitalist be an entrepreneur? An entrepreneur is a person, who establishes the industry and undertakes risks, whereas capitalist is the person who provides capital for the industry. If the capitalist also undertakes risks, along with providing capital, then he will be called as the entrepreneurs. Who is