Economics · Financial Markets
What is the correct definition of 'Venture Capital'?
- 1A short-term capital provided to traditional manufacturing industries
- 2A long-term start-up capital provided to new entrepreneurs and high-potential projects✓
- 3Emergency funds provided to sick industries at times of incurring heavy losses
- 4Funds specifically provided for the replacement and renovation of old industries
Correct answer
A long-term start-up capital provided to new entrepreneurs and high-potential projects
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