These set of entrepreneurs are characterized by their ever-ready attitude to adopt any new and successful innovation that is brought about by an innovative enterpriser.

He stressed the role of the entrepreneur as an innovator who implements change in an economy by introducing new goods or new methods of production.

He combines various factors of production and provides marketable product or services by adopting innovative ideas.

They are persons with initiative, boldness and confidence in their ability which motivate them to undertake entrepreneurial activity.

The word “entrepreneur” originates from a thirteenth-century French verb, ______________________, meaning “to do something” or “to undertake.”

They are very keen in retaining their traditional business and traditional machinery or systems of the business.

He has the ability to convert economic resources and technology into a considerably profitable venture.

A stereo-type entrepreneur whose aim is to maximize the economic returns at a level consistent with the survival of the firm, with or without element of growth.

He define entrepreneur as a person who assumes both the risk and the management of a business.