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entrepreneurship

n. the assumption of all the risks of the creation, organization, and management of a business venture for the reward of future profits. Social entrepreneurship is the use of an entrepreneurial approach with similar assumed risks to create, organize, and manage a venture whose profits are used primarily to promote a positive return to society by effecting social change.

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Psychology term of the day

November 22nd 2024

precompetition anxiety

precompetition anxiety

increased cognitive and physiological arousal before a competition. Precompetition anxiety may facilitate or inhibit performance, depending on the performer’s perception of readiness or apprehension. See debilitative anxiety; facilitative anxiety.