ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -These entrepreneurs have natural inclination to start venture. They are supposed to be bold, optimistic and enterprising persons. They have passion for meeting the challenges. Their inner urge and inborn traits drive them to commence their ventures.

Detailed explanation-2: -Spontaneous Entrepreneur These entrepreneurs have natural inclination to start venture.

Detailed explanation-3: -Spontaneous Entrepreneurs These entrepreneurs start their business because of their natural talents. They are persons with initiative, boldness and confidence in their ability which motivate them to undertake entrepreneurial activity. Such entrepreneurs have a strong conviction and confidence in their inborn ability.

Detailed explanation-4: -NATURE OF ENTREPRENEURIAL VENTURE An entrepreneurial venture may also be classified according to its nature. The term nature simply refers to whether the business is simply selling a product, manufacturing a product, or rendering a service to customers.

Detailed explanation-5: -They include the ability to take calculated risks, self-confidence, desire for independence, desire for achievement, ability to innovate, and knowledge on market trends.