Q.Write one definition of entrepreneurship.

Entrepreneurship is the purposeful activity of starting, maintaining and growing a profit-oriented business — the process of identifying an opportunity, organising resources, innovating and bearing risk (as defined by A. H. Cole).

Definition of Entrepreneurship

Entrepreneurship is the process or activity carried on by an entrepreneur to establish and run an enterprise. A standard definition, used in the AP Inter 2nd-year Commerce syllabus (which aligns with the NCERT/CBSE commerce curriculum), is:

A. H. Cole: "Entrepreneurship is the purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandize a profit-oriented business unit for the production or distribution of economic goods and services."

In simpler words, entrepreneurship is the process of:

• identifying a business opportunity,
• organising the factors of production,
• innovating, and …