Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. or
Entrepreneurship can also be taken to mean the capacity or ability of identifying business opportunities from the environment, gathering/organizing the necessary resources and using them to start up an enterprise and organize production of goods and services, and marketing them, covering risks with an aim of making profits.
Social economic origin of entrepreneurship
The emergence of entrepreneurial activity in any place and at any time is determined by a number of socio- economic, psychological and other factors. The different environmental factors such as family background, religious background, education and technical know-how, occupational the background; among others factors do influence the development of entrepreneurship. Formal education for instance, helps one to develop entrepreneurial skills like resourcefulness, initiative and creativity. Structure and economic status of the family are also important because these determine the support which an entrepreneurship gets from his family. Membership of a resourceful family or community facilitates entrepreneurship.
Therefore, improved economic status of the family has a positive impact on entrepreneurs’ activities. The financial soundness of the past generation also creates a sense of security and thereby encourages the spread of entrepreneurship activities.
HOW TO OPEN FILE
Once the download is complete, navigate to the location where you saved the file. You can now open and use the file as needed.
Thank you for choosing Exinet Academy as your educational resource. We wish you the very best in your studies and future endeavors. Feel free to explore our website for more useful materials, and don't hesitate to let us know if there's anything else we can do to support you.
#xnetAcademy #Pastpapers Download #Newcurriculum
- Version
- Download 192
- File Size 103.32 KB
- File Count 1
Exinet Academy