ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All of the following are advantages of entrepreneurship, except
A
isolation
B
independence
C
control
D
personal satisfaction
Explanation: 

Detailed explanation-1: -Stress is one of the most significant disadvantages of being an entrepreneur.

Detailed explanation-2: -Entrepreneurship enables new markets to develop in the form of goods, services, and technology. It paves ways of generating wealth; these higher earnings contribute to increased national income and tax revenues. It promotes innovation, self-reliance and generates employment opportunities.

Detailed explanation-3: -Entrepreneurs provide job opportunities. Entrepreneurs increase competition & boost productivity. Entrepreneurs create new business & new markets. Entrepreneurs add national income. Entrepreneurs introduce innovative technologies.

Detailed explanation-4: -Improved employee morale and productivity. Attract top talent with intrapreneurship. Better retention. Boost revenue and growth. Encourage widespread innovation. Increase agility with intrapreneurship. Make the most of in-house knowledge and talent.

There is 1 question to complete.