ENTREPRENEURSHIP

Detailed explanation-1: -Benefits of Entrepreneurship They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.

Detailed explanation-2: -Entrepreneurs create new businesses, which in turn add to national income via taxation. New businesses create new, innovative ideas that could create things that help people in their everyday lives. If you become a social entrepreneur, your business will have a direct, positive impact on society.

Detailed explanation-3: -An entrepreneur is someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities.

Detailed explanation-4: -(a)Retreatist: Entrepreneur who continues to work in society but remains indifferent to his work or status.