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What is the Best contribution of entrepreneurship
Tags: Entrepreneurship
Entrepreneurship refers to qualities and actions of individuals that involve taking the risks of venturing in to new and unknown areas of work. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. The concept of entrepreneurship played a formative role in the emergence of business history as a distinct academic field.
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Entrepreneurship is the act being an entrepreneur, which can be defined as “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”. This may also be defined as the opportunity cashed strategy as well. The most certain form of it is that you start on with a new business. In recent year the term has been extended an social and political forms of entrepreneurial activity.
According to Paul Reynolds, entrepreneurship scholar and creator of Global Entrepreneurship Monitor, “by the time they reach retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among the u.s. workers over the course of their career”.
Latest activity: 11 years, 3 month(s) ago. This question has 5 answers.