Question

enterpenurship concept and nature​

Answer 1

Answer:

Entrepreneurship is the act of solving market problem by organizing a business venture to earn profits.

Explanation: By nature, entrepreneurship is an economic activity as it involves creation of goods and services for the potential consumers. It is also innovative in nature as it involves doing things in a new and better way. It is goal oriented as it is aimed at earning profits satisfying a market need. Value creation is another important characteristic of entrepreneurship because it does by creating new goods and services. Unlike job, Entrepreneurship has risk as its inherent part because in the pursuit of profits an enterprise can also suffer losses.