Term of the Day Entrepreneurship The capacity and willingness to - TopicsExpress

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 land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nations ability to succeed in an ever changing and increasingly competitive global marketplace. Usage Example There are more entrepreneurs than investors on the Forbes list of wealthiest people, but that doesnt mean entrepreneurship is necessarily a better wealth builder than investing.

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