INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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economy
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market
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ordinary small business
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small business
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Detailed explanation-1: -Entrepreneurship is the capacity for innovation investment and expansion in new markets product and techniques.
Detailed explanation-2: -In the words of Nathaniel H Left, entrepreneurship is the capacity of innovation, investment, and expansion in new markets, products, and techniques.
Detailed explanation-3: -Entrepreneurship is a process involving innovation, new products or services, and value creation.
Detailed explanation-4: -Schumpeter stressed the role of the entrepreneur as an innovator who implements change in an economy by introducing new goods or new methods of production. In the Schumpeterian view, the entrepreneur is a disruptive force in an economy.
Detailed explanation-5: -Innovative entrepreneurship Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures.