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Human Capital

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Question

Write a word or phrase or a term which can substitute each one of the following:

A function of creating something new for an economic activity.

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Solution

A function of creating something new for an economic activity – Innovation.

Explanation:
Innovation is one of the most important functions of an entrepreneur. Through innovation, the entrepreneur either produces new goods and services or upgrades the existing goods and services as per new trends with a view of creating something new for the society.

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