GENERAL KNOWLEDGE

Detailed explanation-1: -Entrepreneurs create their own company from an original idea, meaning entrepreneurs are usually responsible for managing all aspects of a business from the start. An entrepreneur can decide to start a business at any point, and their company does not belong to any other individual before they take charge.

Detailed explanation-2: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-3: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-4: -An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit. Entrepreneurship is highly risky but also can be highly rewarding, as it serves to generate economic wealth, growth, and innovation.