Question:
Briefly explain "startups".
Briefly explain "startups".
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Startups are important drivers of economic growth, innovation, and job creation worldwide.
Updated On: Jul 4, 2025
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Solution and Explanation
A \textit{startup} is a newly established business venture, typically founded by entrepreneurs, aimed at developing innovative products or services with high growth potential. Startups often focus on technology and scalable business models and operate under conditions of uncertainty to capture new market opportunities.
Key characteristics of startups include:
Innovation-driven approach
Scalability and rapid growth potential
Risk-taking and dynamic business environment
Limited resources and small team in early stages
Innovation-driven approach
Scalability and rapid growth potential
Risk-taking and dynamic business environment
Limited resources and small team in early stages
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