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Explain the features of Entrepreneurship.

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Explain the features of Entrepreneurship.

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Characteristics of Entrepreneurship 

  • It is a systematic and purposeful activity. 
  • The object of entrepreneurship is a lawful business. 
  • Entrepreneurship is a creative response to the environment and the ability to exploit an economic opportunity. 
  • It is concerned with employing, managing, and developing the factors of production. 
  • Entrepreneurship involves risk. Profit is the reward of risk taking.
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