ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurial activity is the enterprising human action in pursuit of the generation of value, through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets. Entrepreneurship is the phenomenon associated with entrepreneurial activity.

Detailed explanation-2: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.

Detailed explanation-3: -The first three stages of the Enterprise Creation stage which emerged are: Discovery, Modeling, and Startup which form the new venture formation stages. The next three Existence, Survival and Success develop the business into a sustainable business entity.

Detailed explanation-4: -Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilisation of scarce resources.

Detailed explanation-5: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022