Tag: economics

The Bill and Melinda Gates Foundation now issues loans,rather than direct funds ,to some of the enterprise it supports ,recognizing that this is an efficient way to leverage its donations and provide organizations with more certain-funding.

Social entrepreneurs usually are not profitable enough to access traditional financial markets,resulting in a financial-social gap. Thus, the funding of social entrepreneurs is essentially a problem of financing structuring.

The process of coordinating land, capital and labour for production is called Entrepreneurship. It is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. Entrepreneurs act as managers and oversee the launch and growth of an enterprise.

An entrepreneur must be Farsighted to foresee the changes in the market so that the production could be adjusted accordingly. If a entrepreneur will have the awareness of future possibilities, he will do some adjustment according to it. 

The entrepreneur brings the other 3 factors of production together in  order to  make a product or provide a service. 

An entrepreneur is a person with an idea who takes the risk to pursue the idea and turn it into reality.On the other hand,manager manages the operations and functions of the organizations.

One of the features of an entrepreneur is risk taking, because unless risk is not taken, reward in terms of profits will not be received. 

Innovation is important for entrepreneur because an entrepreneur leads the rest of the firm and constant innovation is required for being competitive in the market and hence create more income for themselves and the country. 

An entrepreneur must have the capability to interact with the people. The entrepreneur should make the people happy and win their confidence. He should be able to understand the nature of the people. He should react according to the person's behaviour.