ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurs, according to Cantillon, are non-fixed income earners who pay known costs of production but earn uncertain incomes. Cantillon describes entrepreneurs as ‘adventurers’ who will invest in goods and materials to sell them on, perhaps even in different formats, for a profit at a later date.

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: -Employees seek direction while entrepreneurs create a path. Employees tend to seek help when a problem arises at work. Entrepreneurs create the solutions that keep the organization moving forward.