ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Fabian Entrepreneur: These entrepreneurs are said to be conservatives and skeptical about plasticisìng any change in their organisation. They are of a risk-averse type. They do not simply change to the changes happening in the environment.

Detailed explanation-2: -3. Fabian entrepreneurs: These types of entrepreneurs are skeptical about the changes to be made in the organization. They do not initiate any inventions but follow only after they are satisfied with its success rate.

Detailed explanation-3: -Fabian Entrepreneurs These are entrepreneurs that are very careful in their approaches and cautious in adopting any changes. They are not prone to sudden decisions and try to shy away from any innovations or change that doesn’t fit their narrative.

Detailed explanation-4: -(c) Fabian Entrepreneurs: Fabian entrepreneurs are characterized by very great caution and skepticism in experimenting and change in their enterprise. They imitate only when it becomes perfectly clear that failure to do so would result in a loss of the relative position in the enterprises.

Detailed explanation-5: -Fabian: The Fabian entrepreneur is timid and cautious. He imitates other innovations only if he is certain that failure to do so may damage business. Drone: His entrepreneurial activity may be restricted to just one or two innovations. He refuses to adopt changes in production even at the risk of reduced returns.