What is the best definition of entrepreneurship?

The best definition of entrepreneurship is the process of designing, launching, and running a new business. This definition encapsulates the essence of entrepreneurship, which involves not only the creation of a business idea but also the comprehensive steps required to bring that idea to fruition. This includes market research, developing a business model, securing funding, and managing operations.

Entrepreneurship is fundamentally about identifying gaps in the market or opportunities for new products and services and then taking the initiative to capitalize on these opportunities through innovation and risk-taking. Successful entrepreneurs often engage in continuous learning, adaptability, and problem-solving as they navigate the challenges of launching and growing their ventures.

In contrast, the other options focus on specific aspects of business or finance that do not represent the whole scope of entrepreneurship. Managing a team, creating innovative products without starting a business, and investing in stocks pertain to different functions within the broader business and economic landscape but do not fully capture the entrepreneurial spirit that involves starting and running a new venture.