How do entrepreneurs handle uncertainty?
All entrepreneurs face a time of uncertainty at some point during their journey. How exactly do entrepreneurs cope with uncertainty? In this video, Dr. Peter G. Klein explains the concepts of entrepreneurship as defined by notable economists such as Frank Knight, and Richard and Ludwig von Mises. In addition to exploring the ways to handle uncertainty, Dr. Klein briefly touches upon the concept of a pure entrepreneur and explains the exercises of distinct economic functions, profit and losses, and capital resources.
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