Answered: Explain what you believe is common to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain what you believe is common to successful entrepreneurs and what the evolution of entrepreneurship looks like

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Introduction

An entrepreneur is a person who decides to take the risk of Starting a new business. Entrepreneur is the person who arrange and use capital and labour to produce goods or services for profit. An entrepreneur realises their idea by founding a business to carry it out.

Entrepreneurship is the readiness and ability to develop, organize and run a business along with various types of uncertainties in order to make a profit. The example of entrepreneurship is to start a new business.

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