Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods“ The word entrepreneur originates from the French word, entreprendre, which means "to undertake( to begin something)." In a business context, it means to start a business. The Merriam-Webster Dictionary presents the definition of an entrepreneur as one who organizes, manages, and assumes the risks of a business or enterprise.Definition
Itis the process of creating something new either it may be product or idea. By devoting time and effort. By accepting financial psychological and social risk. Finally gaining monetary and personal satisfaction and freedom to do what you want.Explaination
It turns innovation and new ideas into demand It is vital part of economy It provides employment to huge mass of people. Contributed towards research and development system Creates wealth for nation and for individuals as well Entrepreneurship provides self sufficiency.Importance
higher the levels of entrepreneurship is in the nation the higher is its level of development. The crux motive of entrepreneurship is to transform the dreams into a profitable truth. Entrepreneurship strengthens the economic growth of a nation and speeds up modernization.Conclusion
My Personal favorite Steve Jobs(R.I.P) with Apple Macintosh.