ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Creates a venture or business. Makes decisions on how to lead. Secures the capital needed to make the venture a reality. Bears most or all of the associated risk.

Detailed explanation-2: -An entrepreneur is someone passionate and innovative who creates a new business. Their business doesn’t need to reinvent the wheel-your favorite neighborhood café is a business, too-but it takes an entrepreneurial mindset to bring their ideas to life. Entrepreneurship is all about pursuing opportunities.

Detailed explanation-3: -Vision. Passion. Motivation. Risk-taking. Curiosity. Creativity. Confidence. 18-May-2022

Detailed explanation-4: -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.

Detailed explanation-5: -Mental ability:-to have creative thinking and must be able to analyse situations and problems. Business Secrecy:-he should protect his business secrets from his competitors. Clear objectives:-must have a clear objectives of what to be pursued in the future.