Comments on: What is the difference b/w an artist, inventor, and an entrepreneur? http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/ Entrepreneurial Pursuits Tue, 03 Mar 2009 12:21:36 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Bhanu Chandra J http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/comment-page-1/#comment-441 Bhanu Chandra J Wed, 31 Dec 2008 15:13:38 +0000 http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/#comment-441 Hey u asked a very nice question An Artist is a person whose creative work shows sensitivity and imagination. An Inventor is a person who is the first to think of or make something. An Entrepreneur is a person who organizes a business venture and assumes the risk for it. A. The Law of Demand The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more. B. The Law of Supply Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases revenue. Hey u asked a very nice question

An Artist is a person whose creative work shows sensitivity and imagination.

An Inventor is a person who is the first to think of or make something.

An Entrepreneur is a person who organizes a business venture and assumes the risk for it.

A. The Law of Demand
The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more.

B. The Law of Supply
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases revenue.

]]> By: perseus http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/comment-page-1/#comment-440 perseus Sun, 28 Dec 2008 08:48:52 +0000 http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/#comment-440 An artist creates something An inventor discovers something An entrepreneur makes money from both An artist creates something
An inventor discovers something
An entrepreneur makes money from both

]]> By: M S http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/comment-page-1/#comment-439 M S Thu, 25 Dec 2008 20:50:38 +0000 http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/#comment-439 The inventor- the great idea finder The Artist- what is seen and what is not seen The entrepreneur- Motivation, optimism, happiness, self-esteem, creativity, competency, they seek to reform or revolutionize The inventor- the great idea finder

The Artist- what is seen and what is not seen

The entrepreneur- Motivation, optimism, happiness, self-esteem, creativity, competency, they seek to reform or revolutionize

]]> By: Ted http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/comment-page-1/#comment-438 Ted Thu, 25 Dec 2008 15:37:03 +0000 http://hanson-enterprises.com/entrepreneur/what-is-the-difference-bw-an-artist-inventor-and-an-entrepreneur/#comment-438 Both an inventor and an artist are almost identical. Both create a tangible object from their minds in the form of a painting or gadget or program or object of hopeful value. The entrepreneur takes that idea once created and invests in it to establish a market for the product in hopes of gaining a substantial return for himself and the originator. Both an inventor and an artist are almost identical. Both create a tangible object from their minds in the form of a painting or gadget or program or object of hopeful value. The entrepreneur takes that idea once created and invests in it to establish a market for the product in hopes of gaining a substantial return for himself and the originator.

]]>