Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Explain what you believe is common to successful entrepreneurs and what the evolution of entrepreneurship looks like
Expert Solution
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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