ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Drone Entrepreneurs These are entrepreneurs who do not like a change. They are considered as ‘old school’. They want to do business in their own traditional or orthodox methods of production and systems. Such people attach pride and tradition to even outdated methods of doing business.

Detailed explanation-2: -An entrepreneur is someone passionate and innovative who creates a new business. Their business doesn’t need to reinvent the wheel-your favorite neighborhood café is a business, too-but it takes an entrepreneurial mindset to bring their ideas to life. Entrepreneurship is all about pursuing opportunities.

Detailed explanation-3: -Individuals who tend to be proactive have a disposition geared toward taking intentional action, helping them create their own environment, future and fate. They don’t wait for others to make decisions or decide their future for them – they create their own path.

Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)