11 Questions
What is entrepreneurship mainly focused on?
Creation of economic value
What is the process of setting up a business known as?
Entrepreneurship
How is an entrepreneur defined?
A person who innovates and invests in businesses taking risks
How has entrepreneurship been described more narrowly?
Creating, launching, and running new businesses
What are individuals who create businesses often referred to as?
Entrepreneurs
What are some factors that can lead to the closure of a startup company?
A combination of lack of funding, bad business decisions, government policies, an economic crisis, and a lack of market demand
What does entrepreneurship involve?
Creation or extraction of economic value and the act of being an entrepreneur
How did Jean-Baptiste Say define entrepreneurship in the 19th century?
Shifting economic resources to areas of higher productivity
What is considered one of the criteria for becoming an entrepreneur?
Having preferential access to individuals and opportunities
How do some scholars view entrepreneurship according to the text?
As an individualistic perspective focusing on traits an entrepreneur has
In which fields has entrepreneurship been studied according to the text?
Within disciplines like management, economics, sociology, and economic history
Explore the concept of entrepreneurship, which involves the creation or extraction of economic value with risk-taking and potential rewards beyond financial gains. Learn about the role of entrepreneurs in setting up businesses and the process of entrepreneurship.
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