Final answer:
Entrepreneurship is the process of starting a business, managing resources, and taking associated risks, which is a key component in various economic factors such as GDP and unemployment.
The correct option is c.
Step-by-step explanation:
The process of starting a business venture, organizing the resources, and taking the risks is known as entrepreneurship.
This involves the willingness and innovation to start and manage a new business, which could take the form of a sole proprietorship, partnership, or a corporation. These structures reflect different ways of owning and managing a business, each with its own legal and financial implications.
Entrepreneurship is fundamental to the business cycle and contributes to measures like Gross Domestic Product (GDP) and unemployment rates by creating new jobs and innovation within an economy.
Productivity and inflation are also important economic factors that can impact a new business venture.
The correct option is c.