ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An entrepreneur uses his skill and knowledge to run an organization and thus, he takes the responsibility of the whole organization in order to ensure the smooth functioning of the organization.

Detailed explanation-2: -Be realistic. Stop making excuses and accept responsibility for your actions. Trust yourself to know what is best for you and your business. Be honest with yourself. Know your goals and work diligently to achieve them.

Detailed explanation-3: -Entrepreneurship develops innovation, causes economic growth, creates wealth, and helps develop a community.

Detailed explanation-4: -They may choose revenue as their key performance indicator or use something more specific, like securing a particular client. Deciding on the direction of a business plan is one of the most fundamental decisions that an entrepreneur can make.