Entrepreneurship
creation or extraction of economic value
Entrepreneurship is the creation or extraction of economic value through identification and commercialization of opportunities to deliver products or services, a process that typically requires considerable innovation, initiative, and risk-taking to establish and grow an enterprise.
The term entrepreneur (French: [ɑ̃tʁəpʁənœʁ]) refers to an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a formal business, as well as any other unconventional modes of profit creation, are considered to be entrepreneurship. The entrepreneur is often seen as an innovator, a source of new ideas, goods, services, and business procedures; however, the central focus of entrepreneurship remains the pursuit of profit.
Narrower definitions of entrepreneurship include the process of designing, launching, and operating a new business, often similar to a small business, or (per Business Dictionary) as the "capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit". Individuals who create these businesses are often referred to as "entrepreneurs".
In the field of economics, the term entrepreneur is used for an entity that has the ability to translate inventions or technologies into products and services. In this sense, entrepreneurship encompasses the activities of both established firms and startups.
Perspectives on entrepreneurship
In the 21st century, the governments of nation states have tried to promote entrepreneurship, as well as enterprise culture, in the hope that it would improve or stimulate economic growth and competition. After the end of supply-side economics, entrepreneurship was supposed to boost the economy.
This brief starts where responsible research should: with the source description of “Entrepreneurship” as creation or extraction of economic value. Everything that follows is an evidence route, not borrowed authority.
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The subject matters to the general reference register because the source frames it as creation or extraction of economic value. Its deeper value depends on whether names, dates, institutions and citations support that framing.
Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Sep 17, 2026. The linked authority identifier is Q3908516. None of the 0 selected statements returned an explicit reference.
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This entry incorporates text from “Entrepreneurship” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.