Week 1

Question 1

Entrepreneurship

Answer 1

“Everyone who starts a business. Entrepreneurs are people who perceive an opportunity and create an organisation to pursue it.”

Question 2

GEM

Answer 2

Global Entrepreneurship Monitor

Question 3

TEA

Answer 3

(TEA) Total Early-stage Entrepreneurial Activity = (Nascent Entrepreneurs + Owners or Managers)/ Adult population

Question 4

2 types entrepreneurs

Answer 4

Necessity (“push”) (e.g. selling on streets in less developed countries)
vs
Opportunity (“pull”) (e.g. seeing and opportunity and trying to earn profits from it)

Question 5

Entrepreneurship ecosystems and the importance of support

Answer 5

• laws
• public policy
• development programs
• financing
• education
• other factors