INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurs invest their own resources and attract capital (in the form of debt, equity, etc.) from investors, lenders and the public.
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Entrepreneurs setting up new businesses and industrial units help with regional development by locating in less developed and backward areas.
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Either A or B
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None of the above
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Detailed explanation-1: -Wealth Creating. An entrepreneur combines the factors of production (land, labour and capital) to create products; services and job opportunities. The average entrepreneur sees opportunities that others do net perceive or care about and uses relevant data and information to create something new.
Detailed explanation-2: -Entrepreneurs make productive use of these savings, they mobilize them and turn them into a productive resource. This pooled financial resource or capital is the basis of wealth creation in the economy. There is another of the benefits of entrepreneurship is that they also create jobs in the market.
Detailed explanation-3: -Buyer entrepreneurship A buyer is a type of entrepreneur who uses their wealth to fuel their business ventures. They usually focus on using their fortunes to buy businesses that they think will be successful.
Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022