Question

What is Entrepreneurship? State the characteristic of entrepreneurship.

Answer 1

hey mate.....

here is your answer...

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.

Characteristics of Entrepreneurship. Subject: Entrepreneurship Development Topic: Article. Entrepreneurship is an important engine of growth in the economy. Entrepreneurship is the capacity and willingness to formulate, organize and manage a business venture along with anyone its risks to make a profit.

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Answer 2

ENTREPRENEUR

Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities. Those who fail, suffer losses and become less prevalent in the markets.

Characteristics:

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.

Entrepreneurship is high-risk, but also can be high-reward as it serves to generate economic wealth, growth, and innovation.