ECONOMICS

Detailed explanation-1: -The Merriam-Webster Dictionary defines an entrepreneur as: “one who organizes, manages and assumes the risk of a business or enterprise".

Detailed explanation-2: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-3: -The Merriam-Webster Dictionary defines an entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” This definition hardly seems to require an advanced degree or some special initiative.

Detailed explanation-4: -Synonyms of entrepreneur. : one who organizes, manages, and assumes the risks of a business or enterprise.