ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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rely heavily on brick & mortar stores
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are primarily funded by commercial banks
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are typically associated with start-ups
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are 100% self-funded
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Detailed explanation-1: -The term “entrepreneur” likely comes from the French word “entreprendre, ” meaning to start something. Richard Cantillon, an 18th-century Irish-French economist, is widely credited with defining entrepreneurship-and entrepreneurs-as an economic force that drives development.
Detailed explanation-2: -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-3: -It is possible, however, to be an entrepreneur without being a startup founder. While both a startup founder and an entrepreneur start a new business, the main difference is in the venture itself. A startup is innovative and scalable. Hopefully, this combination means that it is disruptive.
Detailed explanation-4: -Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.