ENTREPRENEURSHIP

Detailed explanation-1: -A pure entrepreneur is an individual who is motivated by psychological and economic rewards. He undertakes an entrepreneurial activity for his personal satisfaction in work, ego, and status.

Detailed explanation-2: -Entrepreneurs often find greater job satisfaction from pursuing their passion. They also enjoy the freedom of making decisions without supervision. Additionally, they can often exhibit positive characteristics such as self-belief and initiative. They can also channel their stress over challenges into creative energy.

Detailed explanation-3: -Monetary gains, more freedom, more authority, and creative control are the four motivations of an entrepreneur.

Detailed explanation-4: -Dhirubhai Ambani, Jamshedji Tata, T.V. Sundaram Iyengar, Seshadriji, Birla, Narayanamurthi, and Azim Premji are few examples of pure entrepreneurship.

Detailed explanation-5: -Entrepreneurial Passion Self-determination theory proposes that individuals attempt to satisfy three basic psychological needs-need for competence, need for relatedness, and need for autonomy-and thus carefully bear these needs in mind when making decisions.