Entrepreneurship Involves Accepting the Risk of Starting and Running a Business

question 196

True/False

Entrepreneurship involves accepting the risk of starting and running a business.

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Definitions:

Labour-intensive

Describing industries or processes that require a large amount of manual labor input compared to capital investment.

Automate

The use of technology to perform tasks with minimal human intervention, often to increase efficiency and reliability.

Capital Intensive

Describes industries or businesses that require large investments in capital assets relative to labor to produce goods or services.

Productivity

The measure of how efficiently goods and services are produced, often evaluated by the output per unit of input.