Question

Write short note on Entrepreneurship.

Answer 1

Answer:

The term Entrepreneurship is associated with entrepreneurs who are those people responsible for bringing together, all the factors of production. Entrepreneurship is often described as the willingness and ability of an entrepreneur to manage the various activities of a business or an enterprise.

The entrepreneur is the person responsible for taking all the risks for the business. He is the one who makes the decisions for the business. Entrepreneurship is taken on for the sake of making profits for the business.