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Essay # 2. Definition of Entrepreneurship: Entrepreneurship is a process of action an entrepreneur undertakes to establish his enterprise. Entrepreneurship is a resultant mix of many qualities and traits of an entrepreneur. ADVERTISEMENTS:
Which is a factor that performs the functions of Enterprise?
Entrepreneurship is the name given to the factor of production which performs the functions of Enterprise. In economics, Land, Labour, Capital, Organisation and Enterprise are the five factors which are thought to be the basis of all the production activities.
What are the factors essential for successful entrepreneurship?
Essay on the Factors Essential for Successful Entrepreneurship Essay # 1. Introduction to Entrepreneurship: Entrepreneurship is the name given to the factor of production which performs the functions of Enterprise.
What is the definition of entrepreneurship in business?
Thus a simple definition of entrepreneurship is doing new things or doing things which are already being done in a new way. According to Dr. J.E. Stepenek, “Entrepreneurship” is the capacity to take risk; ability to organise and desire to diversify and make innovations in the enterprise.
Last Update: Oct 2021
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