ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the process of creating something new with value by devoting the necessary time and effort
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the process of business expansion that creates wealth, a better standard of living and conditions for national development
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the process of creation and business expansion wealth, a better standard of living and conditions for national development,
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the process of creating something new
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Detailed explanation-1: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.
Detailed explanation-2: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.
Detailed explanation-3: -Entrepreneurship is the creation of new ways of meeting needs through novel products, processes, services, technologies, markets, and forms of organizing. Entrepreneurial ventures can be start-ups or occur within large companies. Entrepreneurship is an innovation process that mobilizes people and resources.
Detailed explanation-4: -Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.