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What Is Entrepreneurial Opportunity? Which Are the Types of Opportunities

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What is entrepreneurial opportunity? Which are the types of opportunities as described by Schumpeter?


Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.

Opportunity Costs

The value of the best alternative that must be foregone as a result of choosing a particular option.

Forgoing

The act of giving up something, typically as a sacrifice or in order to choose another option.

Activity

The engagement in tasks or actions aimed at achieving a certain objective or result.

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