Entrepreneurship
Definition
Entrepreneurship refers to the process of starting and managing a new business venture. It involves taking risks, organizing resources, and innovating to create value in the market.
Related terms
Innovation: This term refers to the creation or improvement of products, services, or processes that bring value to customers.
Risk-taking: This term describes the willingness of entrepreneurs to take on uncertain outcomes in pursuit of potential rewards.
Start-up: A start-up is a newly established business venture that aims to bring innovative products or services to the market.
"Entrepreneurship" appears in:
Subjects (1)
AP Microeconomics
Study guides (2)
AP Macroeconomics - 1.1 Scarcity
AP Macroeconomics - 5.7 Public Policy and Economic Growth
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About Us
About Fiveable
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Careers
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.