ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Some common synonyms of daring are adventurous, daredevil, foolhardy, rash, reckless, and venturesome.

Detailed explanation-2: -Aggressive risk taker – a very high risk taker This is the characteristic of an entrepreneur who is not scared to take any risks in business and is extremely goal driven.

Detailed explanation-3: -A risk taker is someone who risks everything in the hope of achievement or accepts greater potential for loss in decisions and tolerates uncertainty. In contrast, there are managers who are risk averse, and they choose options that entail fewer risks and prefer familiarity and certainty.

Detailed explanation-4: -It keeps you innovative Those who take the biggest risks are often the most innovative individuals in business. Without trying out an idea you know may be risky, there would never be any real innovation and radical thinking in the business world.