Define entrepreneurship and
explain trails in entrepreneurship
write 4 pages
Answers
Answer:
Entrepreneurship is both the study of how new businesses are created as well as the actual process of starting a new business – the term is used interchangeably. ... Entrepreneurship is now a popular college major, with a focus on studying new venture creation.
Answer:
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Explanation:
Entrepreneurship is the creation or extraction of value.[1][2][3] With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often initially a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit."[4] The people who create these businesses are often referred to as entrepreneurs.[5][6] While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, government policies, an economic crisis, lack of market demand, or a combination of all of these."[7]
In the field of economics, the term entrepreneur is used for an entity which has the ability to translate inventions or technologies into products and services.[8] In this sense, entrepreneurship describes activities on the part of both established firms and new businesses
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