300 words essay about entrepreneurship

300 words essay about entrepreneurship

Entrepreneurship is the process by which an individual or a group identifies a business opportunity and acquires and deploys the resources required to capitalize on it. Early-nineteenth-century French economist Jean-Baptiste Say defined entrepreneurship as “shifting economic resources out of a low-productivity and low-yielding area and into a higher-productivity and higher-yielding area.” Entrepreneurs create something new and distinct – they alter or transform value. Entrepreneurship opportunities are available to businesses of any size, large or small.

There are four requirements for becoming an entrepreneur. First, there must be opportunities or situations in which resources can be recombined to generate profit. Second, entrepreneurship necessitates individual differences, such as preferential access to specific individuals or the ability to recognize information about opportunities. Third, accepting some level of risk is required. Fourth, the entrepreneurial process necessitates the management of people and resources.

Entrepreneurship, according to this definition, is defined as change, generally involving risk above and beyond what is normally encountered when starting a business, and may include values other than monetary ones. An entrepreneur is someone who starts or invests in one or more businesses, taking on the majority of the risks and reaping the majority of the rewards.

Entrepreneurs are frequently regarded as innovators, providing new ideas, goods, services, and business/or procedures. The role of the entrepreneur in the economy, according to economist Joseph Schumpeter (1883-1950), is “creative destruction”—launching innovations that simultaneously destroy old industries while ushering in new industries and approaches. According to Schumpeter, “dynamic disequilibrium brought on by the innovating entrepreneur is the norm of a healthy economy.” While entrepreneurship is frequently associated with new, small, for-profit start-ups, entrepreneurial behaviour can be observed in small-, medium-, and large-sized firms, new and established firms, and for-profit and not-for-profit organisations such as voluntary-sector groups, charitable organisations, and government.


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‘ কা ‘ ৰ প্ৰভাৱ অসমত নপৰে, এতিয়ালৈকে এজনেও আবেদন কৰা নাই অসম বিকাশ যাত্ৰা, হোজাই আৰু ধুবুৰীত মুঠ ৩৯৫ আৰু ৩০৮ কোটি টকা ব্যয় কৰাৰ চৰকাৰৰ পৰিকল্পনা অৰুণাচলত নিৰ্মাণ কৰা হ’ব ফ্ৰণ্টিয়াৰ হাইৱে মালদ্বীপৰ পৰা ভাৰতীয় সৈন্যৰ প্ৰত্যাহাৰ আৰম্ভ অসম বিকাশ যাত্ৰা BJP ৰ নতুন প্ৰকল্পৰ উদ্বোধন, কিমান টকা ব্যয় কৰাৰ পৰিকল্পনা।