ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.

Detailed explanation-2: -An Entrepreneur is someone who creates, owns, and potentially runs a business. An Entrepreneur gets to act as his own boss, has ownership in the business and is responsible for the success of their business.

Detailed explanation-3: -Entrepreneurs vs Managers. The main difference between Entrepreneur and Manager is their role in the organization. An entrepreneur is the owner of the company whereas a Manager is the employee of the company. Entrepreneur is a risk taker, they take financial risk for their enterprise.

Detailed explanation-4: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.