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What is the general meaning of entrepreneurship?

Answer and explanation

Correct answer: Starting a new venture

Entrepreneurship is the process of identifying an opportunity, organizing resources, accepting reasonable risk, and starting or developing a venture that creates value. Option A gives the best general meaning because beginning a new venture involves initiative and economic activity. Doing a job, shopping, or taking part in a sports competition may be useful activities, but they are not, by themselves, entrepreneurship.

Related tags

EntrepreneurshipIntroductionNew-VentureOpportunityIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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