Explain the difference between an employee and an entrepreneur.
An employee is someone who works for a company or organization and receives a regular salary or wage in exchange for their work. They typically have set hours, tasks, and responsibilities defined by their employer.
An entrepreneur, on the other hand, is someone who starts and operates their own business. They take on financial risks in order to pursue their own business ideas and opportunities. Entrepreneurs are responsible for all aspects of their business, including creating a business plan, securing funding, managing finances, hiring employees, and marketing their products or services.
In summary, an employee works for someone else and receives a salary, while an entrepreneur runs their own business and takes on the risks and rewards of ownership.