Explain entrepreneurship and list two traits of successful young entrepreneurs.

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Entrepreneurship means identifying opportunities to create value and turning ideas into a tangible venture. It’s about spotting real needs, organizing resources, and launching a product, service, or new process that people will want to use. Two traits that help young entrepreneurs succeed are resilience and adaptability. Resilience is the ability to push through setbacks, learn from mistakes, and keep pursuing a goal even when things get tough. Adaptability is the capacity to adjust plans based on feedback, changing customer needs, or new information, which helps a venture survive and grow in uncertainty. The other statements don’t capture the essence because entrepreneurship is not limited to large corporations, it does involve risk and effort, and success isn’t defined by academic achievement alone. It’s about taking initiative, solving problems, and creating value through action.