Com-Exultant : Finance and Research

  Entrepreneurship Definition: Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit. It is an act of seeking investment and production opportunity, developing and managing a business venture, so as to undertake production function, arranging inputs like land, labour, material and capital, introducing new techniques and products, identifying new sources for the enterprise.     The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. And the undertaking or organisation, typically a startup company, set up by the entrepreneur is called enterprise. Characteristics of Entrepreneurship 1.       Economic Activity: Entrepreneurship is an economic activity, as it involves designing, launching and running a new business enterprise in order to earn the profit, by ensuring best possible use of resources. 2...

  Money Laundering Definition: Money laundering can be understood as an act of concealing the identity or source of money obtained illegally, to make them appear to have obtained out of legal sources. Simply put, money laundering is the process of disguising the origin, i.e. the source from which money is received due to criminal activity, changing its form and transferring them into a location where they are less likely to be noticed.     In this process, the black or illegal money arising from criminal activity is turned into white or legal money through transfers involving deposits into foreign banks or investing into legitimate businesses. Criminal activity includes illegal arms selling, smuggling, human trafficking, drug trafficking, terrorist activity, prostitution rings, bribery, embezzlement, financial crimes, etc. Stages of Money Laundering:     1.       Placement: In the first stage, the mon...