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→Defining characteristics and types of entrepreneurship
'''Entrepreneurship''' is the [[creativity]] of individuals to dream up and create new products that people knew they wanted or needed. It is an essential part of [[capitalism]]. <ref>https://www.prageru.com/video/if-you-hate-poverty-you-should-love-capitalism/</ref> It is this ability that leads to the creating of a profitable new business venture. Someone skilled in entrepreneurship is called an [[entrepreneur]]. [[Innovation]] is also a big part of entrepreneurship. In a highly competitive world innovative ideas are what will separate the entrepreneurs from the rest. As innovation is key to create an outstanding product, strong brand and to build a customer network.
'''Entrepreneurship''' is the [[creativity]] of individuals to dream up and create new products that people knew they wanted or needed. It is an essential part of [[capitalism]]. <ref>https://www.prageru.com/video/if-you-hate-poverty-you-should-love-capitalism/</ref> It is this ability that leads to the creating of a profitable new business venture. Someone skilled in entrepreneurship is called an [[entrepreneur]]. [[Innovation]] is also a big part of entrepreneurship. In a highly competitive world innovative ideas are what will separate the entrepreneurs from the rest. As innovation is key to create an outstanding product, strong brand and to build a customer network.
<ref>https://startupistanbul.com/blog/2015/03/the-importance-of-innovation-in-entrepreneurship/</ref>
<ref>https://startupistanbul.com/blog/2015/03/the-importance-of-innovation-in-entrepreneurship/</ref>
== Benefits of entrepreneurship to an economy ==
"Entrepreneurs benefit the economy by creating new jobs, introducing innovative products and services, attracting investments, driving economic growth through increased consumer spending, and fostering competition, ultimately contributing to a higher GDP and overall economic prosperity.<ref>[https://www.google.com/search?q=benefits+of+entrepreneurship+to+the+economy&oq=benefits+of+entrepreneurship+&gs_lcrp=EgZjaHJvbWUqBwgBEAAYgAQyBggAEEUYOTIHCAEQABiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIHCAcQABiABDIHCAgQABiABDIGCAkQLhhA0gEJMTI4NjJqMGoxqAIAsAIA&sourceid=chrome&ie=UTF-8 Benefits of entrepreneurship to the economy]<ref>
== Defining characteristics and types of entrepreneurship ==
== Defining characteristics and types of entrepreneurship ==