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Entrepreneurship refers to the process of identifying a business opportunity, developing an innovative idea, organizing resources, taking calculated risks and creating a new business venture with the objective of earning profit and generating value. An entrepreneur is a person who combines factors of production such as land, labour, capital and technology and converts an idea or opportunity into a productive enterprise. Entrepreneurship involves innovation, initiative, decision-making, risk-bearing and the ability to respond to changing market conditions. It is not limited to starting a business; it also includes introducing new products, improving _____ _____ _____ _________ ______ ________ ____ ______ _____ ________.
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