Final answer:
Entrepreneurship is about taking risks to start a business and drive economic growth by providing goods and services.
Explanation:
An entrepreneur is an individual in a market economy who takes on the risk of starting a business by hiring workers and acquiring resources to produce goods and services. This person drives innovation and is crucial for the economy's growth and development.
For example, a chef who opens a new restaurant is an entrepreneur because they are taking the initiative to start a business, create jobs, and provide a service to customers.
Entrepreneurs are risk-takers who play a vital role in driving economic progress through their creativity and willingness to venture into new business opportunities.
Learn more about Entrepreneurship here:
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