What is the difference between entrepreneurship and entrepreneur

Answer 1

Entrepreneurship refers to the activity of setting up and running a business or businesses, typically taking on financial risks in the hope of profit. It involves the process of creating, launching, organizing, managing, and growing a business.

An entrepreneur, on the other hand, is an individual who starts and operates a business, taking on financial risks in order to do so. An entrepreneur is someone who identifies a business opportunity and takes steps to realize that opportunity, often beyond the traditional confines of employment.

In summary, entrepreneurship is the concept or practice of starting and managing a business, while an entrepreneur is an individual who embodies the characteristics of being innovative, risk-taking, and resourceful in starting and running a business.