Personal Fulfillment
Further Explanation:
Entrepreneurship is a process of designing a new business because earlier it was a small business. The person who creates these types of businesses is known as entrepreneurs. It is defined as the capacity to develop, manage the business venture and taking the risk to earn the profit. High risk is involved in launching any startup. But there is a risk associated with launching a start-up because most of the start-ups are closed due to lack of funds, economic crisis. In economic terms, an entrepreneur is an entity which can find, act upon the opportunities by translating the invention into the products and services. They can recognize the potential of any resource. They have the skills to organize the capital and resources into viable innovation. Entrepreneurship captures innovative activities for the establishment of any firm. Entrepreneurs are the managers that look after the growth of the enterprise. It shifts economic resources from lower to higher productivity.
Learn More:
1. Why did President Reagan call for soviet leader Gorbachev to “tear down” the berlin wall?
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2. In a parliamentary system of representative democracy, the prime minister is appointed by the monarch. is elected by representatives chosen by the people. is the leader of the party that won the most seats in parliament. is elected directly by the people.
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Answer Details:
Grade: High School
Chapter: Entrepreneurship
Subject: Social Science
Keywords:
Designing, new business, business venture, opportunities, potential, resource, innovative, higher productivity.
