ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An advantage of entrepreneurship is that entrepreneurs
A
can supervise others
B
make all decisions by themselves
C
can work in a field that interests them
D
do not need to set goals
Explanation: 

Detailed explanation-1: -Entrepreneurs may even create entirely new industries that become the engines of future growth. The new products or services created by entrepreneurs result in new wealth from the new markets. Additionally, higher earnings due to entrepreneurship can help boost national income.

Detailed explanation-2: -When you run your own business, you build your own team. You can surround yourself with people who share your vision and work the way you want them to. Being able to nurture new talent and get the best out of your colleagues is one of the most rewarding things about being an entrepreneur.

Detailed explanation-3: -The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work.

Detailed explanation-4: -Freedom to work. Flexibility in schedule. Getting to learn new things everyday. Financial independence. Boosts self confidence. Provides opportunities for self growth and development. Generating wealth for self as well as business. More items

There is 1 question to complete.