ENTREPRENEURSHIP

Detailed explanation-1: -A new business undertaking that involves risk. The process of recognizing or creating an opportunity, testing it in the market, and gathering the resources necessary to go into business. The study of how people choose to allocate scarce resources to fulfill their unlimited wants.

Detailed explanation-2: -A venture is a new business undertaking that involves risk.

Detailed explanation-3: -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-4: -Entrepreneurship is the willingness and ability to establish, organise and manage a business and take financial risks to make profits.

Detailed explanation-5: -What is an Entrepreneurial Venture? Entrepreneurial venture can be defined as an organisation that places innovation and opportunism at its heart in order to produce economic or social value.