Final answer:
Entrepreneurship can indeed be taught and is regarded as a principle that is learned and refined through practice, within the Business studies field.
Step-by-step explanation:
The statement 'Entrepreneurship can be taught (it's a method that requires practice)' suggests that the skills and methods required to be an entrepreneur are not solely innate traits, but can be developed through education and practice. This idea falls under the broader category of Business studies, particularly dealing with aspects of starting and running one's own business.
In Unit 3, we discuss entrepreneurship and its significance in economic growth. Understanding the different types of business ownerships such as sole proprietorship, partnership, and corporation is crucial for any entrepreneur. Moreover, knowledge of the business cycle, inflation, Gross Domestic Product (GDP), unemployment, and productivity is essential for successfully navigating through the economic aspects of starting and managing a business.
Given the context, entrepreneurship is considered a principle that one can learn and apply. Therefore, in reference to the choices provided, 'Principle #3' best fits the idea that entrepreneurship can be taught.