ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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first generation entrepreneurs
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modern entrepreneurs
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motivated entrepreneurs
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none of these
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Detailed explanation-1: -These entrepreneurs do not have any family background or prior exposure to the venture initiated by them. They are self made entrepreneurs.
Detailed explanation-2: -A first-generation entrepreneur is someone who is the first in their family lineage to start their own business-either a first-generation American or from a family that has lived here for generations-typically without a background in business formation or experience in the industry.
Detailed explanation-3: -Self-made is used to describe people who have become successful and rich through their own efforts, especially if they started life without money, education, or high social status.
Detailed explanation-4: -Entrepreneurs may also be classified as the first generation entrepreneur, modern entrepreneur and classical entrepreneur depending upon the stage of development.
Detailed explanation-5: -Gen Z, the generation born between 1997 and 2012, is quickly becoming known as the most entrepreneurial generation in recorded history, with 62 percent of its members having started or intending to start their own business.