Answer:
Entrepreneurs perceive an opportunity to hire workers and buy other resources, in order to create a product or service for consumers. If the entrepreneurs are successful, they earn a profit, meaning that (in a sense) they are transforming resources into finished goods/services that have a higher value than what was used up in making them. It is the entrepreneurs who make the day-to-day decisions on how resources will be used. Sample Partial Credit Answer Entrepreneurs start new businesses