Nobody downloaded yet

Importance of Entrepreneurs to the U.S. Economy - Essay Example

Comments (0) Cite this document
Summary
The paper “Importance of Entrepreneurs to the U.S. Economy” discusses individual businesses, which are established to endeavor in economic activities. It means that businesses exist with the aim of producing a profit. The exceptions are the cooperatives, non-profit organizations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
Importance of Entrepreneurs to the U.S. Economy
Read TextPreview

Extract of sample "Importance of Entrepreneurs to the U.S. Economy"

Download file to see previous pages The exceptions are the cooperatives, non-profit organizations, and government institutions. But all of them can be considered to be an enterprise in which time, effort and capital are invested to achieve certain specific economic, social, spiritual, political or economic goals. As we can see the term enterprise is really a broad concept. Now we are concerned with the enterprise in relation to entrepreneurship and entrepreneurs in general.
According to the Wikipedia “entrepreneur” is “a loanword from the French language that refers to a person who undertakes and operates a new venture, and assumes some accountability for the inherent risks.” (Wikipedia, 2006c).
This term applies to a person who creates a new entity in order to offer a new or existing product or service into a new or existing market, whether for a profit or not-for-profit aim. The Wikipedia states the following about the entrepreneur as a distinctive characteristic: “Business entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional or financial risk to pursue that opportunity.”. (Wikipedia, 2006c).
Even though there is a general agreement that entrepreneurship is mainly related to the creation of a new venture while taking some of the risks involved, scholars don’t agree in the way they define an entrepreneur because the word has been used for many people giving this term a lot of meanings. We can define an entrepreneur according to different points of view like the following:
“Entrepreneurship is the practice of starting new organizations, particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking, as a majority of new businesses fail.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Importance of Entrepreneurs to the U.S. Economy Essay, n.d.)
Importance of Entrepreneurs to the U.S. Economy Essay. Retrieved from https://studentshare.org/business/1703220-explain-the-concept-of-enterprise-and-with-the-use-of-case-examples-discuss-the-factors-which-are-said-to-apply-to-successful-entrepreneurship-finally-discu
(Importance of Entrepreneurs to the U.S. Economy Essay)
Importance of Entrepreneurs to the U.S. Economy Essay. https://studentshare.org/business/1703220-explain-the-concept-of-enterprise-and-with-the-use-of-case-examples-discuss-the-factors-which-are-said-to-apply-to-successful-entrepreneurship-finally-discu.
“Importance of Entrepreneurs to the U.S. Economy Essay”, n.d. https://studentshare.org/business/1703220-explain-the-concept-of-enterprise-and-with-the-use-of-case-examples-discuss-the-factors-which-are-said-to-apply-to-successful-entrepreneurship-finally-discu.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Importance of Entrepreneurs to the U.S. Economy

CLS v. Martinez, 561 U. S

...?A LEGAL BRIEF ON THE RECENT U.S. SUPREME COURT RULING IN CLS V. MARTINEZ, 561 U. S. On June 28, the United s Supreme Court gave a ruling on the CLS vs. Martinez, 561 US ___130 S.Ct. 2971, 177 L.Ed.2d 838 (2010). The case was filed by the Christian Legal Society (CLS) at the Hastings College of Law at University of California on the ground that official governing groups should accept all the students regardless of their beliefs and status to acquire recognition. The respondents were Leo Martinez, Acting Chancellor and Dean of Hastings College of Law, University of California; Jacqueline Ortega, Student Services Director; the Board of Directors of Hastings College of Law, University...
3 Pages(750 words)Coursework

The growth of the U. S. Military

...? The Growth of the U.S Military The Growth of the U.S Military The United s military has existed since 1775. During thefight for independence, the United States incepted the continental military in order to take responsibility of the revolutionary war of the time. In 1784, an official army came in to place to replace the continental army shortly after its disbandment. This gives the American army the longest existence in history. The first army won the war to independence although there was little professionalism. The American military has progressed from the unprofessional beginning to what it is today. In the 21st century, the American army has the largest defense budget in the world. The military makes use of advanced...
6 Pages(1500 words)Research Paper

Complexities of the U. s financial system

...? Complexities of the U. S financial system Complexities of the U. S financial system The US financial system is extremely complexand is affected by a number of environmental factors, which include the economy and federal regulations. The complexities inherent in the US financial system also impact different aspects of the economy, as well as the existence of businesses and individuals in the country (Pryor, 1996). This paper will examine the complexities of the US financial system, discussing different aspects of the system, for instance, financial markets and the Federal Reserve System. The US financial system consists of the financial...
3 Pages(750 words)Assignment

Entrepreneurs

...investment. The point that is important in this context is that risk is one of the major concerns that impacts the small businesses. In order to survive in the business, the entrepreneur should be prepared to take fixed costs, variable costs and also certain unforeseen costs which might pop up due to unhandled conditions. This implies, if $100 is the investment, 50 cents is fixed and variable costs, then another 50 cents should not be counted as profit. Thus, $1 should be accounted for costs and any increase above this is a competent return. To be on the safe side, the entrepreneur should venture out into the market only if the return is at least $10 to sustain in the market for a long...
8 Pages(2000 words)Essay

Inaugural addresses by U. S. Presidents

...importance of the 1960s which marked its indelible mark with America’s exploration in Vietnam that tolled the lives of thousands of people. Balance of power Balance of Power is “a distribution of military and economic power among nations that is sufficiently even to keep any one of them from being too strong or dangerous” (yourdictionary.com, 2010). Most of the world nations shore up balance of power as a means to regulate the arm race. It is quite evident from the inaugural addresses of majority of the American presidents indicating the real requisite of balance of power. The former president Ronald Regan reveals America’s plan to reduce the number of nuclear weapons concurrently with Soviet Union (Regan, 1985). Bush...
2 Pages(500 words)Essay

U,S Economy Change Before and After WWII Ended

...Running Head: US ECONOMY AND WWII The Second World War, together with the Great Depression forms the most essential of the 20th Century’s economic and poitical events. During the war most global nations experienced deeply felt impacts. Despite the fact that most economies were wrecked by this war, the US economy emerged stronger, and the federal government got out of this war a huge potential. The government of the day was able to make the economic activities more regulated, which led to the economy facing partial consumption and spending control. The WWII led to the reawakening of the American Industry, as well as having the greater part of the sectors in the US being...
1 Pages(250 words)Essay

U. S. Constitution

...US Constitution s right in American political system refers to the political rights reserved for the governments. Even though America asa whole has a federal government, each state in America has separate state governments. US constitution provides some specific rights to the state governments in law making even though all the state governments are operating under the federal government. The rights of the state government are protected by the tenth amendments (Part of bill of rights) in US constitution. According to The Tenth Amendment to the U.S. Constitution; “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States, respectively, or to the...
1 Pages(250 words)Essay

The U>S Legal System

... Legal Issue and a Strong and Substantiate Argument in Support of Your Opinion Task The case is centered on two counts: counts of murder and burglary. On the count of murder, the defendant is accused of the first degree murder. First-degree murder, in most states, is an illegal killing that is both premeditated and willful, meaning that it was committed after "lying in wait" or planning for the victim. In this case, the deceased had earlier wanted to dispose of some of her diamond rings, though not clear. The defendant may have been involved in the deal and latter planned to kill her for the rings. That again introduces another crime committed – burglary. Based on the evidence provided, the defendant broke into Stella Blauvelt’s... Legal...
1 Pages(250 words)Assignment

U. S. Education Today & Tomorrow

..., 2002). Moreover, school choice gives parents the freedom of deciding and controlling which schools their children attend. In addition, it dictates on the kind of education children obtain. Furthermore, programs of privatization are diverse and designed to achieve several objectives. To this end, private education may advance equity which most public funding does not. Thus, the school choice and privatization promote national social cohesion which is positive to the future of American education. References Beach, S. (2008, February 15). Tech Learning : No Limits. Classroom Technology News | Educational Apps | Blooms Taxonomy | techlearning.com. Retrieved November 14, 2012, from http... ...
3 Pages(750 words)Assignment

U S History

..."Crisis of Confidence" in the United s The United s was a dominant world power in the 1970’s even though the countries self-perception was mired in doubt and malaise. The stagflation of the country’s economy, the experience and results of the Vietnam war, the lack of confidence of the government by the people as it was no longer perceived as a champion of freedom, the Watergate imbroglio all contributed to the “crises of confidence” in the country. The debt on the dependency of US citizens and the government increased resulting to difficult times. Jimmy Carter came into power at the time after the country’s failure in the Vietnam and Watergate scandals. A leadership...
2 Pages(500 words)Admission/Application Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Importance of Entrepreneurs to the U.S. Economy for FREE!

Contact Us