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ECONOMIC SYSTEM
What is ENTREPRENEURSHIP?
Capacity to take risks.
Ability to own and organize.
Desire and capability to innovate and diversify.
Why ENTREPRENEURSHIP?
Process of creating something different, with value,
devoting necessary time and effort,
assuming the financial, psychological, social risks,
and receiving rewards of monetary and personal
satisfaction .
Who is an entrepreneur?
Organizer of an economic venture, one who owns,
organizes, manages, and assumes the risks of the business in
order to make profits. .
HIS ROLE…
An innovator Produces competitive
(technical +financial ) products, processes, and
services.
Industrial re-organization.
ECONOMIC SYSTEM
Describes how a country's economy is organized.
Due to scarcity or limited resources, every country needs a system
to determine how to use its productive resources.
ECONOMY
TYPES
TRADITIONAL MIXED
NAME MEANING ECONOMY Ex