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I HAVE POSTED THIS TWICE ALREADY AND GOT WRONG ANSWERS. PLS ANSWER ONLY IF SURE IN...

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General Management

I HAVE POSTED THIS TWICE ALREADY AND GOT WRONG ANSWERS.

PLS ANSWER ONLY IF SURE IN AN ELABORATE FORM.

Proposition: "Entrepreneurship" is a meaningless phrase of noimportance for economics. Support or attack this proposition

Answer & Explanation Solved by verified expert
4.0 Ratings (737 Votes)
If we define entrepreneurship in the economical term then it can be said as creation or extraction of value or we can say the entrepreneur may infuse some value to an existing or new product by receiving and locating the necessary skills and resources efficiently and effectively Here value implies usefulness So if we define entrepreneurship in terms of value it can be said as the dynamic process of creating incremental wealth by individual who assumes the major risks in terms of equity    See Answer
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