ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1freedom and prosperity to establish an economic venture and be creative and innovative with that enterprise.
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Un-favourable economic conditions with limited opportunity to gain and grow.
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Either A or B
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None of the above
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Detailed explanation-1: -Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.
Detailed explanation-2: -Entrepreneurship has the potential to lift people out of poverty by generating employment and stimulating economic activity. Entrepreneurship also contributes to the development of local economies and helps improve the overall standard of living.
Detailed explanation-3: -Entrepreneurship Drives Innovation Growth in productivity raises the material well-being for a society, improves standards of living, and is the primary source of long-term economic prosperity.
Detailed explanation-4: -Entrepreneurship creates wealth for the country and also gives rise to many related businesses. The entrepreneurs drive change because of innovation as they develop new products and bring in new technologies that help the economy to grow as a whole.