BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Entrepreneurship goes hand-in-hand with innovation-the ability to produce new ideas; provide better solutions; and pioneer new products. The most successful entrepreneurs are not simply the hardest working, they’re the most innovative.
Detailed explanation-2: -On the other hand, in thedeveloping countries it is difficult to spread the market of product. So developingcountries need imitative entrepreneurs. New method of production: It is very difficult to make a new method of production for thedeveloping countries. As innovative entrepreneurs adopt new methods of production.
Detailed explanation-3: -Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development.