Who describes the entrepreneur as an individual who detects and evaluates a new situation in his environment and directs the making of such adjustments in the economic systems as he deems necessary.
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Entrepreneur’ is a French word which means to undertake, to pursue opportunities, to fulfill needs and wants of the people through innovation and starting business.
An entrepreneur undertakes a venture, organizes it, raises capital to finance it, and assumes the whole or major part of the risk of business. In other words, entrepreneurship is the process of giving birth to a new business.
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