Most Entrepreneurs Use Their Own Savings as the Primary Source

question 42

True/False

Most entrepreneurs use their own savings as the primary source of initial funding.

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Definitions:

Positive Economic Statements

Statements that can be tested and validated; they describe the world as it is versus how it should be.

Opinion

A personal view, attitude, or appraisal.

Rational Behavior

The theory that individuals make decisions based on maximizing their own benefit or utility, considering all available information and the potential costs and benefits.

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.