CAPITAL IN ENTREPRENEURSHIP

Definition;

In the more precise usage of accounting, capital is defined as the stock of property owned by an individual or corporation at a given time, as distinguished from the income derived from that property during a given period

Capital is collective term for a body of goods and monies from which future income can be derived.

Thus, a business regards its land, buildings, equipment, inventory, and raw materials, as well as stocks, bonds, and bank balances available, as capital.

Generally, consumer goods and monies spent for present needs and personal enjoyment are not included in the definition or economic theory of capita

Business Entrepreneurships

Definition of 'Entrepreneur'

An Entrepreneur is a person who assumes the responsibility and the risk for a business operation with the expectation of making a profit. The entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials.

 If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.