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Chapter: 12th Commerce : Chapter 23 : Entrepreneurship Development : Elements of Entrepreneurship

Elements of Entrepreneurship

The term entrepreneurship denotes the process of setting up one’s own business venture as distinct from pursuing any other economic activity or any employment or practicing some profession.

ENTREPRENEURSHIP DEVELOPMENT

ELEMENTS OF ENTREPRENEURSHIP


The term entrepreneurship denotes the process of setting up one’s own business venture as distinct from pursuing any other economic activity or any employment or practicing some profession. The person who establishes business is termed as entrepreneur. The output of an entrepreneurial process ends up in establishing an enterprise. The process of entrepreneurship has been depicted in the following diagram.



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12th Commerce : Chapter 23 : Entrepreneurship Development : Elements of Entrepreneurship : Elements of Entrepreneurship |


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