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Name any two elements of entrepreneurship. Explain them in brief. |
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Answer» The two elements of entrepreneurship are ‘Innovation’ and ‘Risk-bearing’. Innovation: It is the act of introducing something new. It may be new product, service or a process. Risk- bearing: Starting something new always involves risk and uncertainties, because new business may invite profits or losses. Risk and uncertainties can also be because of external factors like competitors, market crash etc. |
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