Fill in the blank question. individuals who notice opportunities and gather the resources necessary to start a new business are known as:________

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23-08-2022
Social Studies

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Fill in the blank question. individuals who notice opportunities and gather the resources necessary to start a new business are known as:________

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RajarshiG RajarshiG · Answer 1 · 2022-08-29T13:38:45+02:00

individuals who notice opportunities and gather the resources necessary to start a new business are known as ENTERPRENUERS

WHO IS AN ENTERPRENUER ?

An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur.

Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.

Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas.

Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged.

To learn more about Entrepreneurs click here :

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