what is entrepreneurship? Explain the perspective of Schumpeter on entrepreneurship. 20marks
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Entrepreneurship is the process of designing, launching and running a new business which is often initially a small business.
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The activity of setting up a business or businesses taking on financial risks in the hope of getting profits...
Schumpeter sees innovation as a clustering around certain points in time periods that he refers to as 'neighborhoods of equilibrium', when entrepreneurs perceive that risk and returns warrant innovative commitments....
Hope it helped you a lot and brainliest it...
Schumpeter sees innovation as a clustering around certain points in time periods that he refers to as 'neighborhoods of equilibrium', when entrepreneurs perceive that risk and returns warrant innovative commitments....
Hope it helped you a lot and brainliest it...
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