ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. An entrepreneur is an agent of change.

Detailed explanation-2: -What Does It Mean to Be an Entrepreneur? An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.

Detailed explanation-3: -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-4: -Entrepreneur. Someone who owns, operates, and takes the risk of a business venture.

Detailed explanation-5: -What is the difference between an entrepreneur and an organizer? An entrepreneur is the one carrying the risk of the entire business. He or she coordinates all other factors and activities relating to production. An organizer performs the function of organizing but is not involved in the other works as an entrepreneur.