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Entrepreneurship is the process of identifying opportunities, organizing resources, taking calculated risks, and creating new ventures, products, services, or methods of production to generate economic and social value. An entrepreneur is an individual who introduces innovation, mobilizes capital, labor, and technology, and assumes responsibility for the uncertainties associated with business activities. Entrepreneurship is not merely the establishment of a new business but also involves creativity, initiative, leadership, decision-making, and the ability to transform ideas into practical realities. From a sociological perspective, entrepreneurship is shaped by social structures, cultural values, institutional support, education, family background, and economic conditions. It is considered a dynamic force that contributes to economic development, employment generation, technological progress, and social transformation. Among the various thinkers who have explained entrepreneurship, Joseph Alois Schumpeter occupies a prominent position. His theory of entrepreneurship is one of __________ ________ ____ ____ __________ _________ _____ ____.
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