Match the items of List (II) with the items of List (I):

List-I		List-II
(a)	Entrepreneurship is essentially a creative activity.	(i)	Fransis A. Walker
(b)	An entrepreneur is an organizer and coordinator of various factors of production.	(ii)	Peter F. Drucker
(c)	An entrepreneur is one who always searches for change, responds to it, and exploits it as an opportunity.	(iii)	Joseph Schumpeter

Codes:

The correct answer is (a)- (iii), (b)- (i), (c)- (ii)

Key Points

•  According to Joseph Schumpeter, an entrepreneur is an individual who introduces something new to the market/ economy. According to him, Entrepreneurship is essentially a creative activity.
• Creative activity means, when an entrepreneur creates a link between raw material and production of products according to the need of society.
• According to Fransis A. Walker, an entrepreneur refers to that individual who is engaged in organizing and coordinating the  activities and becomes pioneer of the industry. In other words, an individual who has above average abilities in the task of arranging/ coordinating the various aspects of production is referred to as an entrepreneur.
• According to Peter F. Drucker, an entrepreneur refers to an individual who looks for change, reacts to it and seizes the opportunity it presents. Because of the reason that there are no resources until someone discovers a use for something and gives its economic value, entrepreneurs innovate and generate resources.

So, here we can say that column I which states that Entrepreneurship is essentially a creative activity is given by Joseph Schumpter. An Entrepreneur is an Organizer and coordinator of various factor of production is given by Fransis A. Walker. An entrepreneur is one who always searches for change respond to it and exploits it as an opportunity, this statement is given by Peter F. Drucker.