MEANING AND DEFINITION OF ENTREPRENEURSHIP:-

INTRODUCTION👇 

Entrepreneurship is a vital activity to bring about changes in the economy and society not only in a country but also of those in the world.

Meaning of Entrepreneurship👇

The process in which we anticipate the changing need, want, desire of customer and fulfill it by our product service or idea by an innovative way this process is called entrepreneurship.

       The term entrepreneurship is derived from a French word 'Entreprendre'  which means 'to undertake' to pursue opportunities or to fulfill needs and wants though innovation and starring businesses. The  word first appeared in the french dictionary in 1723 and Oxford English  dictionary adopted the word 'entreprendre' as entrepreneur' in 1897 and meant.

Concept of Entrepreneurship👇

The more modern entrepreneurship definition is also about transforming the world by solving big  problems. Like bringing  about  social change or creating an innovative product that challenges the status quo of  how we live or lives on a daily basis.

Definition of Entrepreneurship👇

The concept of entrepreneurship is understood in different manners by different scholars and authors. There is no one consensual definition of the term among the experts.

• According to Joseph A. Sehumpeter [1934]  '' Entrepreneurship is any kind of innovative function that could have a bearing on the welfare of an entrepreneur.''
• According to Robert C. Ronstadt [1984]  '' Entrepreneurship is the dynamic process of creating incremental wealth.''
• According to Kuratko DF and Hodgetts RM '' The process of organizing managing  and assuming the risks of a business.''
• According to Koontz and Fulmer  '' The ability of a person to see a business opportunity to get together the capital needed to take advantage of the opportunity and to start a business taking the hope of reaping the rewards of success.''
• According to Nathaniel H Left Mention '' Entrepreneurship is the capacity for innovation, investment, and expansion in new markets, products, and techniques.''