ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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I Was Born this Way
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I Could have been Somebody
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To Dream the Impossible Dream
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There’s No Stopping Me Now
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Detailed explanation-1: -Entrepreneurship is when an individual that has an idea acts on that idea, usually to disrupt the current market with a new product or service. Entrepreneurship usually starts as a small business but the long-term vision is much greater, to seek high profits and capture market share with an innovative new idea.
Detailed explanation-2: -Ans: An Entrepreneur is the one who perceives opportunity, organizes resources needed for exploring that opportunity and exploits it.
Detailed explanation-3: -Entrepreneurial activity includes developing and starting a new business and implementing a business marketing plan, often with the end goal of selling the company to turn a profit. An entrepreneur who regularly launches new businesses, sells them and then starts new companies is a serial entrepreneur.
Detailed explanation-4: -Entrepreneur is a French word probably coined by the economist Jean-Baptiste Say from the word entreprendre, which is usually translated as “undertaker” or “adventurer."1 Say studied Smith’s book and, while agreeing on all points, found that the omission of enterprising businessmen was a serious flaw.