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Answer :
Final answer:
An entrepreneur is someone who starts and manages a business aimed at making a profit, exemplified by opening a gourmet popcorn store. They typically display characteristics such as innovation, risk-taking, and resource management. Entrepreneurs contribute positively to the economy and consumer choices.
Explanation:
Understanding Entrepreneurship
Entrepreneurship refers to the process of starting and managing a new business venture in order to make a profit. An example of an entrepreneur is someone who opened up a gourmet popcorn store in a local mall. This individual identified a unique market opportunity, developed a business plan, secured funding, and launched the business.
Characteristics of an Entrepreneur
- Innovation: They often introduce new ideas or products to the market.
- Risk-Taking: Entrepreneurs are willing to take calculated risks.
- Resource Management: They effectively manage time, money, and human resources.
By doing so, they not only contribute to the economy by creating jobs but also provide consumers with new choices and experiences.
Learn more about Entrepreneurship here:
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