Lesson 71-Entrepreneurship & the Entrepreneur

Entrepreneurship-an economic activity.
-creation of something with difference
-engaging in business
-mobilizing people,finances,&resources,labor & materials for profit
Entrepreneur-a person who does an economic activity such as buy & sell,production,
manufacturing,& renders services for a fee.
-are goal-oriented & believes in his own capacity to engage in a business enterprise.
-are individuals who are highly motivated & enterprising.Still inspired to do business
& takes responsibility not only for his success but for his failures as well.
-an individual who mobilizes natural resources,human resources,& financial
resources in order to produce goods & services.