The effort used to coordinate the factors of production—natural resources, labor, physical capital, and human capital—to produce and sell products.
Many individuals have difficulty bringing their ideas to the market and creating new venture. Yet entrepreneurship and the actual entrepreneurial decisions have resulted in several million new businesses being started throughout the world. Indeed, millions of ventures are formed despite recession, inflation, high interest rates, and lack of infrastructure, economic uncertainty and the high probability of failure.
No comments:
Post a Comment