Meaning of entrepreneurship

Business studies study module

This is the process of identifying business opportunities and gathering the necessary resources to start and run a business.

An entrepreneur who identifies business opportunities and gets the necessary resources in order to start and run a business. The entrepreneur therefore creates new businesses or transform the existing ones in the face of risks and uncertainties in order to make profits.

An entrepreneur is therefore a business owner; he starts and organizes the business (the factors of production in appropriate combination)



(Visited 33 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *