the process of discovering new ways of combining resources to set up a business by taking financial risks.

Questions answered by individuals and businesses not the government.

A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

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2.04 Key Terms

Term	Definition
Entrepreneurship	the process of discovering new ways of combining resources to set up a business by taking financial risks.
Private Enterprise	Questions answered by individuals and businesses not the government.
Small Business	A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.