1. What is Entrepreneurship?

Entrepreneurship is the creation or extraction of economic value. With this definition,

entrepreneurship is viewed as change, generally entailing risk beyond what is normally
encountered in starting a business, which may include other values than simply economic ones.
2. What is the importance of Entrepreneurship?
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise,
along with any of its uncertainties in order to make a profit. The most prominent example of
entrepreneurship is the starting of new businesses.
3. There are 4 mix of Entrepreneurship, give atleast 2.
• Traditional Marketing
• Entrepreneurial Marketing
4. What are the two types of Entrepreneurship according to the area?
Small businesses, scalable startups.
5. Give atleast 3 advantages of Entrepreneurship?
• Entrepreneurs provide job opportunities
• Entrepreneurs increase competition & boost productivity
• Entrepreneurs create new business & new markets