Importants of entrepreneurship essay
Answers
“Entrepreneur is defined as a person who starts a business and is willing to risk loss in order to make money.”
Since before the Great Recession, economists have recognized how important entrepreneurship is to the health of the U.S. economy.
Entrepreneurship in a broader sense can be considered as a process of action undertaken by an entrepreneur (Person) to establish his enterprise. It is a creative and innovative response to the environment.
Entrepreneurship can be described as a creative and innovative response to the environment. Such responses may take place in any field of social endeavour may be business, agriculture, social work and education etc.
For the entrepreneur it is important to have knowledge about the economic and political environment, more particularly about the economic policies of the government and the financial as well as commercial institutions.