ENTREPRENEURSHIP (Pg.1)

• Developing and managing new business venture to make a profit or achieve another aim

  entrepreneurship
• Is the creation or extraction of economic value

  entrepreneurship
• Are often key to developing ideas and solutions to problems while creating new products

  entrepreneurs
• Refers ro the exchange of goods, services, or something of value between business or entities

  Commerce
• The conduct of trade among economic agents that plays an active role in an economic process

  Commerce
• An entity engages in economic activity

  Economic agent
• They may impact supply and demand, also impact economic growth and development by investing in Hunan capital or starting a new businesses

  Economic agent
• A group of people living under the same roof who share common resources

  Household or individuals
• Defined as organizations that produce goods, services to sell them and make a profit

  Businesses
• Responsible for providing goods and services and regulating businesses

  Government
• Financial institutions that manage a country’s money supply and interest rates

  Central Bank
• The objectives of (answer) is to Maximize their utility

  Households
• The objective of (answer) is to stabilize the economy, promote economic growth, and promote public welfare

  Government
• The practice of making one’s living or making money by producing or buying and selling products

  Business
• It is also ‘any activity or enterprise entered into for profit’

  Business
• An individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service

  Entrepreneurship