Hello… I believe that I understand the difference, but I would like to refine some of the details…. I had a couple of questions concerning capitalists in contrast with the entrepreneur.
-What is the difference between the capitalist and the entrepreneur? Sometimes they are used interchangeably… Can one be both a capitalist and an entrepreneur?
-An entrepreneur borrows capital because he expects to receive profits… If the entrepreneur doesn’t own any capital, but borrows it all, then does the pure rate of interest only go to the capitalists that he borrows from? Or does interest go to the entrepreneur as well?
(I have come to think that only the capitalists will receive the interest, and the entrepreneur will receive the profits…)
-And, by borrowing capital, does the economist primarily mean borrowing money? Or is the actual capital goods lent out?
Thank you very much…
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