ThoughtCommons - What Is Entrepreneurship?

Everything around us is made out of carbon

just that it exists in many different forms

Knowledge

Raw Material

Land

Technology

Fuel

People

and comes at a different price

40 per liter

100 per hour

10000 per machine

1000 per sq. feet

10 per piece

5000 per project

Knowledge Technology

Fuel

People

Raw Material

Land

these are world’s

resources

Everyone in the world is hungry

just that people are hungry for different things

Food and

basics

Pleasure and

luxury

Car and

comforts

and are willing to pay different prices too

these are world’s

needs

World always need more than its limited resources can provide for

Food Car Pleasure

Resources are mixed in different combinations to satisfy different

needs

Food

These combinations also sell at different prices!

Car Pleasure

these are world’s

goods and services

Food Car Pleasure

the equation is simple

“Satisfying more and more needs with less and less

resources by creating innovative combinations is

called entrepreneurship.”