Entrepreneurship is essentially when someone takes their business goals and carries out actions to achieve them. Say, for example, you’ve always been interested in Sports Equipment and decide that you’d like to open a store that sells a variety of sports equipment. If you opened your store and began to interact with customers, you’d be described as an Entrepreneur. Entrepreneurship is essentially privately owned business and on a political sideline, laissez-fiare, a policy of restricting government control of private business, was established to protect entrepreneurship. America is famous for it’s ‘American Dream’, the ability for one to go from rags-to-riches through entrepreneurship.