How do you distinguish an entrepreneur and entrepreneurship?
Entrepreneur
An entrepreneur is a person or a group of persons who establishes an enterprise, take the risks, accumulates all the resources required to carry out production or perform services and creates an innovative product or service.
Entrepreneurship
Entrepreneurship refers to all actions executed by the entrepreneur to establish an enterprise.
Entrepreneur
An entrepreneur is a person or group of persons who try to innovate new products or services.
Entrepreneurship
Entrepreneurship is the process of innovating new products or services and streamline the resources required to commercialize these products or services.
Entrepreneur
Entrepreneur will be constantly trying to innovate and bring about changes with respect to factor proportions.
Entrepreneurship
Entrepreneurship is the process followed to create value.
For more content on this topic, please visit http://www.eduxir.com/curriculum/cbse/class-xi/entrepreneurship/entrepreneurship-concept-and-functions/
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