Factors of Production: Entrepreneur or Management
<h1><strong>FACTORS OF PRODUCTION - ENTREPRENEUR OR MANAGEMENT</strong></h1> CONTENT <ol> <li>Meaning of Entrepreneur or Management</li> <li>Characteristics of Management</li> <li>Importance of Entrepreneur or Management in Agricultural Production</li> </ol> <h2><strong>Meaning of Entrepreneur or Management</strong></h2> An entrepreneur or management refers to the person or group of persons who organize, co-ordinate and control the use of other factors of production. This is the person responsible for directing the affairs of the farm’s administration. He is the farm manager and the ultimate risk bearer. He takes important managerial decisions involving: