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Entrepreneurship legitimacy can positively affect entrepreneurial growth by increasing public trust, attracting investors, and facilitating access to resources such as funding and partnerships. Legitimacy can enhance reputation, create networking opportunities, and support sustainable growth in competitive markets.

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1y ago

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Importance of entrepreneur?

Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.


Would you like to be an entrepreneur?

Yes, I would like to be an entrepreneur because it offers the opportunity to innovate and create solutions that can make a positive impact. The freedom to pursue my passions and the challenge of building something from the ground up are both exciting and motivating. Additionally, entrepreneurship allows for personal growth and the chance to inspire others through my journey.


What are remuneration of entrepreneurship?

Remuneration in entrepreneurship refers to the financial rewards or compensation received by entrepreneurs for their efforts and risks in starting and running a business. This can include profits generated from the business, salary or dividends paid to the entrepreneur, and any other benefits or perks they receive. The remuneration of entrepreneurship is typically variable and depends on the success and profitability of the business. It is important for entrepreneurs to carefully manage their finances and reinvest profits back into the business for sustainable growth.


What are the forces that drive the growth of entrepreneurship?

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What is the role of NACCIMA in the growth and development of entrepreneurship in Nigeria?

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Why does economic growth depend partly on entrepreneurship?

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Where is entrepreneurship originated?

Entrepreneurship is believed to have originated in medieval Europe, particularly in France, where the term "entrepreneur" was first used in the 13th century to describe individuals who undertook the risk of organizing and managing economic ventures. The concept evolved over time, influenced by the rise of trade, exploration, and the establishment of markets. It has since expanded globally, adapting to various cultural and economic contexts throughout history. Today, entrepreneurship is recognized as a key driver of innovation and economic growth worldwide.


How entrepreneurship fosters personal growth?

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The rule of entrepreneurship in economic development?

Entrepreneurship is a major factor in economic development and growth. Entrepreneurship produces both small businesses and large corporations that provide jobs and fuel the economy with more money.


Discuss Max weber's theory of entrepreneurship?

Max Weber's theory of entrepreneurship emphasizes the role of the individual entrepreneur in driving economic development. Weber believed that entrepreneurship involves taking risks and making decisions within a capitalist economic system. He saw entrepreneurs as key actors in driving innovation, competition, and economic growth. Additionally, Weber highlighted the importance of personal qualities such as confidence, creativity, and a willingness to challenge traditional norms in shaping successful entrepreneurs.


What is the role of entrepreneur in economic growth and development?

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Role of entrepreneurship in economic growth in the Philippines?

The contribution of entrepreneurship in the Philippines economy is impressive. There is a high demand for entrepreneurs in the Philippines. There were over 830,000 entrepreneurs in the Philippines in 2011.