Final answer:
The two main types of entrepreneurs are intrapreneurs and entrepreneurs. An entrepreneur independently runs a business and assumes all the risks, while an intrapreneur operates within a company, using their entrepreneurial skills to innovate. Each contributes to economic growth through innovation and the creation of new businesses. Hence, the correct answer is option (2).
Step-by-step explanation:
The two main types of entrepreneurs are intrapreneurs and entrepreneurs. An entrepreneur is an individual who initiates, manages, and assumes the risks of a business or enterprise, aiming to make a profit by offering products or services. Entrepreneurs are seen as innovators and risk-takers who are willing to face potential failure in the marketplace for the chance of success.
On the other hand, an intrapreneur is an employee within a large corporation who uses entrepreneurial skills to develop a new product or service, often with the resources and capabilities of the company backing them. This approach allows companies to innovate from within while the intrapreneur has the advantage of working within an established business structure.
Entrepreneurship involves the willingness and innovation needed to start a new business, which can be organized as a sole proprietorship, partnership, or corporation. The choice of business ownership reflects the business owner's needs and involves weighing the benefits and risks associated with each form. Sole proprietorships are the simplest and most common form of business ownership but may not be as profitable due to limited resources and capacity for growth.