The capacity and willingness to develop , organize and manage a business venture along with any of its risk in order to make a profit . the most obvious example of entrepreneurship is the starting of new businessess.

In economics,entrepreneurship combined with land,labor,natural resources and capital can produce profit.

Entrepreneurship is characterized by innovation and risk-taking, and is an essential part of nation's ability to succeed in an ever changing and increasingly competative global marketplace . . . !