Term of the Day entrepreneurship

Term of the Day

entrepreneurship

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with landlabornatural resources and capitalcan produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace.
Learn more about this term
Usage Example
There are more entrepreneurs than investors on the Forbes list of wealthiest people, but that doesn’t mean entrepreneurship is necessarily a better wealth builder than investing.
Advertisements