Lesson 7 Lesson 7: The Entrepreneur
Presented by: Dr. Tawni Ferrarini
Northern Michigan University
The Nature of Entrepreneurial Action
Profit. It is one of the most controversial economic concepts. Risk. It is one kind of action most people admire. Profit and risk come together in the person of the entrepreneur. In this lesson we will go beyond the myths and learn the benefits everyone derives from entrepreneurial activity.

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Israel M. Kirzner, How Markets Work: Disequilibrium, Entrepreneurship and Discovery, pp. 31-53
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