At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Check all that apply.

They started a number of new businesses.

They improved on the available technology.

They fought to eliminate government control.

They developed new products and inventions.

They invested money in new businesses.

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22-10-2020
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At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Check all that apply.

They started a number of new businesses.

They improved on the available technology.

They fought to eliminate government control.

They developed new products and inventions.

They invested money in new businesses.

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-05-14T14:51:04+02:00

At the time of industrialization in Europe, the entrepreneurs were essential to its changing economies because they started to make investments in new business entities, developed new goods and services, starting new businesses, and make improvements to the available technology.

Who is an entrepreneur?

An entrepreneur is a person who established their own business where he/she is the sole owner of all rewards or risks associated with it.

When industrialization came in Europe, the entrepreneurs began to make innovative goods or services, enhanced their businesses into new sectors, upgraded the available technology, and started a number of new types of businesses.

Therefore, apart from fighting with the government, all the provided points are applied to the importance of entrepreneurs during industrialization in Europe.

Learn more about the industrialization in Europe in the related link:

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