Question

1. what is entrepreneurship?

the practice of being employed at a large corporation.
a government initiative to boost the economy.
the activity of setting up a business and taking on financial risks in the hope of profit.
the process of selling and buying goods internationally.

Explanation:

To determine the correct definition of entrepreneurship, we analyze each option:

• "The practice of being employed at a large corporation" refers to traditional employment, not entrepreneurship.
• "A government initiative to boost the economy" describes a government program, not entrepreneurship.
• "The activity of setting up a business and taking on financial risks in the hope of profit" aligns with the definition of entrepreneurship, as it involves creating a business and assuming risks for potential gain.
• "The process of selling and buying goods internationally" is international trade, not entrepreneurship.

Answer:

The activity of setting up a business and taking on financial risks in the hope of profit.