ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Steve Jobs created the technology company Apple, Inc. Which is an example of which economic growth aspect?
A
Tariff
B
Specialization
C
Entrepreneurship
D
Capital Goods
Explanation: 

Detailed explanation-1: -Jobs and Wozniak are credited with revolutionizing the computer industry by democratizing technology and making machines smaller, cheaper and easy to use for consumers. The iPhone was a fulfillment of many people’s wishlists for their phones-and it had a few features they didn’t realize they wanted as well.

Detailed explanation-2: -Apple’s $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend-including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry.

Detailed explanation-3: -Steve Jobs at Apple Steve Jobs was the co-founder of Apple that drove the transformation of digital publishing, mobile phone technology and music. In addition, Apple advanced personal and tablet computing to an advanced level owing to Steve Jobs technological innovations and entrepreneurial skills.

Detailed explanation-4: -Steve Jobs co-founded Apple Computers at the age of 21, selling computers at an accessible, consumer-friendly price. While he was a notoriously tough leader, Jobs always emphasized the importance of teamwork. Jobs’ innovative products changed the way people, businesses and the world operate.

There is 1 question to complete.