reward of entrepreneur give economic term
Answers
Explanation:
As an entrepreneur, you can pursue your passion and also make money, while being your own boss. Once the starting period of pitfalls and hurdles is over, you can start reaping the benefits of your hard work and sacrifice. Entrepreneurship provides you with the freedom to control and shape your professional life.
Reward of entrepreneur give economic term?
The reward of the entrepreneur is 'Profit'.
Explanation :
The reward of the entrepreneur is Profit.
Any enterprise is started with the aim of making profit. All the motives that the entrepreneur makes to start the enterprise are profit oriented. When he starts the enterprise and succeeds in establishing the enterprise, then the profit he gets in return is his reward.
Hence in the context of economics if the reward of the entrepreneur is called 'profit'.
Enterprise refers to starting a new business and the person or group of persons who start that business is called an entrepreneur.
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Which of the following is not an advantage of entrepreneurship development?
a. Employment generation
b. Balance economic development
c. Restricts innovations
d. Social benefits
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Entrepreneurship can best be described as
(A) A process that requires setting up a business.
(B) Taking a significant risk in a business context.
(C) Having a strong vision.
(D) A process involving innovation, new products or services, and an individual with the motivation to start a new business.