ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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process of designing, launching and running a new business, which is often initially a small business.
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the collection of machines, tools, and devices used for production.
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The taxes the government uses to provide schools, hospitals, roads, and other forms of infrastructure.
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The physical talents of people to build things.
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Detailed explanation-1: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.
Detailed explanation-2: - Economic Activity: Entrepreneurship is an economic activity, as it involves designing, launching and running a new business enterprises in order to earn the profit, by ensuring best possible use of resources. Creativity and innovation: It involves discovering new ideas and implementing it in business.
Detailed explanation-3: -Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.