Question

Define entrepreneurship. Explain the characteristics of entrepreneurship.

Answer 1

Anyone who runs self owned business no matter what that business is called entrepreneurship.

Characteristics of entrepreneurship are:

1). It empowers the society in economical way.

2). It leads to all round development.

3). It completes the need of a society.


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Answer 2

Entrepreneurship is the procedure of launching, running and designing a new business, which is frequently firstly a small business, that may develop slowly.

The people who make these businesses are known as entrepreneurs.

Characteristics of Entrepreneurship:

• Entrepreneurship is the main engine of growth in the economy.
• Entrepreneurship is the willingness and capacity to formulate, manage and organize an occupation venture along with anyone to make an income or to earn profit from it.