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The descriptor for forms of social entrepreneurship that do not fit into the four-party typology hybrid.
An entrepreneur is someone who starts a new business, takes the most risks, and reaps the maximum benefits. The process of starting a business is known as entrepreneurship. Entrepreneurs are generally seen as innovators, sources of new ideas, products, services, and businesses/processes.
Entrepreneurship is the creation or acquisition of economic value. Under this definition, entrepreneurship is generally seen as a change that involves more risk than would normally occur when starting a business and may involve value other than financial value.
Creating new products and services creates new jobs and ultimately accelerates economic development. Public policies that encourage and support entrepreneurship should therefore be seen as important for economic growth.
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