An entrepreneur is an individual who undertakes the risk associated with creating, organizing, and owning a business.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

Detailed explanation-2: -: one who organizes, manages, and assumes the risks of a business or enterprise.

Detailed explanation-3: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-4: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS