Entrepreneurship involves starting a business to earn a profit by identifying market opportunities and developing solutions. An entrepreneur innovates new business ideas and takes risks, while a businessman operates an existing business focused on profits and growth. Entrepreneurship helps the economy by creating employment, investments, innovation, wealth for communities, and a competitive advantage through diversification.
Entrepreneurship involves starting a business to earn a profit by identifying market opportunities and developing solutions. An entrepreneur innovates new business ideas and takes risks, while a businessman operates an existing business focused on profits and growth. Entrepreneurship helps the economy by creating employment, investments, innovation, wealth for communities, and a competitive advantage through diversification.
Entrepreneurship involves starting a business to earn a profit by identifying market opportunities and developing solutions. An entrepreneur innovates new business ideas and takes risks, while a businessman operates an existing business focused on profits and growth. Entrepreneurship helps the economy by creating employment, investments, innovation, wealth for communities, and a competitive advantage through diversification.
- Entrepreneurship is an act of starting a business with the goal og earning a profit.
Entrepreneurs identifies the opportunity in the market and develop a solution or a product ti address that need.
2. differentiate the difference between businessman and entrepreneurship.
- A businessman is someone who opearates an already established business in a specific sector.
Their focus is maximizing profits and achieving growth with their existing business. An entrepreneur, on the other hand, is someone whi innovates new bsiness products or services. They are the one who take risks and offer new solutions to the market.
3.why entrepreneurship helps our economy.
- Entrepreneurship can help the economy through employment opportunities, investment
opoortunitries, diversification, innovation, and creating wealth for employees , communities, and stakeholders. These factors creates a competitive advantage for ythe economy.