ENTREPRENEURSHIP

Detailed explanation-1: -Employee. a person who works in a business owned by someone else. Entrepreneurial. think or act like an entrepreneur.

Detailed explanation-2: -Entrepreneurs run their businesses and take on financial responsibilities. Meanwhile, employees work for a company and get a set pay rate. Entrepreneurs handle expenses and business decisions, while employees focus on doing their best and helping the company succeed.

Detailed explanation-3: -A sole proprietor is a commonly used legal term that describes the single owner of a business, someone who is also legally tied to the respective company and considered the same legal entity.

Detailed explanation-4: -A freelancer would still be considered a self-employed person if he does all the work for only one client. However, a self-employed person is not similar to the owner of a business. A business owner hires employees to work for him and becomes their boss or we can say employee-owner who manages the business.