ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneurs are constantly looking for new ways to solve problems. Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems. An Entrepreneur is accountable for his/her actions and does what is required.

Detailed explanation-2: -Creativity In “Conversations with Maya Angelou, ” Jeffrey M. Elliot quoted Maya Angelou as saying, “You can’t use up creativity. The more you use, the more you have.” Entrepreneurs are always looking for new ways of doing things and how they can make them better.

Detailed explanation-3: -Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions.

Detailed explanation-4: -Entrepreneurship is also regarded as creative in the sense that it involves introduction of new products and technology. Even if new products or technology are not discovered rather adopted from existing ones, they are no less than innovation. This is because to use old techniques in a new way requires creativity.

Detailed explanation-5: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.