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Define the term Entrepreneurship

Entrepreneurship :   An entrepreneur is an individual who takes risks and organises the factors of production to make a product and therefore hopefully profit. Entrepreneurship is the skill of achieving this. It is often thought of as one of the factors of production. Another term for it is enterprise. 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9574951

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