Entrepreneurship refers to the process of designing, establishing and managing a business.
| Characteristics | |
|---|---|
| Arguments in favor of | Arguments opposing |
| The entrepreneur can manage his/her own business. | |
| Entrepreneurship can bring along an increased sense of freedom and independence. | Entrepreneurship can be overwhelming and with many surprises. |
| It helps to create new businesses. | |
| New enterprises tend to be more innovative and help to drive economic growth. | New enterprises may be inefficient and have higher risk of failure. |
Competing Views...