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Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.
On this definition a political entrepreneur is a business entrepreneur who seeks to gain profit through subsidies, protectionism, government contracts, or other such favorable arrangements with government agents through political influence and lobbying (also referred to as corporate welfare).
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company such as a corporation or cooperative. Colloquially, the terms are used interchangeably.
These particular works cite both Veblen's theory of the leisure class, as well as business enterprise in order to support their arguments. Many have categorized Veblen's ideas in The Theory of Business Enterprise as being supportive of Marxist ideals, though Veblen himself was openly distant [6] from comparing or aligning himself with the ...
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people. [2]
Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities.
Most important, colonial legislatures set up a legal system that was conducive to business enterprise by resolving disputes, enforcing contracts, and protecting property rights. Hard work and entrepreneurship characterized the region, as the Puritans and Yankees endorsed the " Protestant Ethic ", which enjoined men to work hard as part of their ...
Intelligent enterprise is an organizational management concept that leverages knowledge and technology in an attempt to improve business performance. The concept, as articulated in James Brian Quinn 's book Intelligent Enterprise , posits that intellect is the core resource in producing and delivering services .