what is entrepreneurship? please give correct answer in own language.
Answers
Answer:
The entrepreneurship is defined as someone who has the ability and desire to establish, administer and succeed in a Startup venture along with risk entitled to it,to make profits. the best example of entrepreneurship is the starting of a new business venture.
Answer:
Entrepreneurship is the creation or extraction of value.[1][2][3] With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones.
More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often initially a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit."[4] The people who create these businesses are often referred to as entrepreneurs.[5][6] While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, government policies, an economic crisis, lack of market demand, or a combination of all of these."
A person who undertakes the risk of starting a new business venture is called and entrepreneur. An entrepreneur creates a firm, which aggregates capital and labor in order to produce goods or services for profit. Entrepreneurship is an important driver of economic growth and innovation.
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