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  2. Key Takeaways

    • A person who undertakes the risk of starting a new business venture is called an entrepreneur.
    • An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.
    • Entrepreneurship is highly risky but also can be highly rewarding, as it serves to generate economic wealth, growth, and innovation.
    www.investopedia.com/terms/e/entrepreneur.asp
    www.investopedia.com/terms/e/entrepreneur.asp
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  3. People also ask
    What is an entrepreneur?Entrepreneurs and entrepreneurships explained in less than five minutes Entrepreneurs are individuals who create a new business for a commercial opportunity and assume its risks. Learn more about entrepreneurs and entrepreneurships.
    What's behind entrepreneurship?The level of drive, innovation, perseverance, and business acumen is what's behind entrepreneurship. In this article, we explore what it means to be an entrepreneur and how entrepreneurship works. Entrepreneurs are individuals who undertake the organization of a new business and the risks and rewards that come with it.
    What is entrepreneurship in business?What is entrepreneurship? At its most basic level, entrepreneurship refers to an individual or a small group of partners who strike out on an original path to create a new business. An aspiring entrepreneur actively seeks a particular business venture and it is the entrepreneur who assumes the greatest amount of risk associated with the project.
    Who coined entrepreneurship?Coined by economic philosopher Jean-Baptiste Say, the word comes from French, where it means "undertaker"—i.e. one who undertakes a new venture. Who Coined It? Economists have never had a consistent definition of "entrepreneur" or "entrepreneurship."
     
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