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Explain the basic characteristics of entrepreneurs, and describe the different kinds of entrepreneurship.

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Final answer:

Entrepreneurs are risk-takers who invest their resources to start a business, and there are different types of entrepreneurship, including sole proprietorship, partnership, and corporation.

Step-by-step explanation:

Entrepreneurs are individuals who are willing to take risks and invest their own resources to start a business and produce goods or services. They are considered risk-takers, but successful entrepreneurs carefully assess the risks before investing.

There are different kinds of entrepreneurship, including sole proprietorship (a business owned and managed by one person), partnership (a business owned and managed by two or more individuals), and corporation (a business owned by shareholders and managed by directors and executives).

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