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Entrepreneurship
Capacity and willingness to undertake conception, organization,
and management of a productive venture with all attendant risks, while
seeking profit as a reward. In economics, entrepreneurship is regarded
as a factor of production together with land, labor, natural resources,
and capital. Entrepreneurial spirit is characterized by innovation and
risk-taking, and an essential component of a nation's ability to succeed
in an ever changing and more competitive global marketplace.
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