Question

Differentiate between entrepreneur and entrepreneurship.

Answer 1

Explanation:

An entrepreneur refers to the person who organises , manages and operates multiple bussinesses with different goals and takes financial risks also whereas entrepreneurship is defined as the process of executing,starting business activities with various departments.

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Answer 2

Differentiate between entrepreneur and entrepreneurship :

Entrepreneur :

(1) An Entrepreneur is a person responsible for starting a new enterprise. He/ She converts an Idea into an opportunity and takes steps to exploit that opportunity to create wealth.

(2) He/ She could be an individual or institution, who always tries to bring about change in terms of factors and proportions known as innovations.

(3) Entrepreneurs are tangible people.

Entrepreneurship :  

(1) Entrepreneurship is the process by which an entrepreneur establishes his business.

(2) It is the process of identifying opportunities in the marketplace and to mobilize the resources to achieve long term gains.

(3) Entrepreneurship is an abstract process.

Hope this answer will help you….

 

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