ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.

Detailed explanation-2: -This is because entrepreneurs are individuals who are willing to take calculated risks. Above all, entrepreneurs are regarded as people who believe in their capabilities (self-efficacy), are economically motivated and desire independence.

Detailed explanation-3: -Working for oneself, rather than for an employer. self-employed. freelance. independent.

Detailed explanation-4: -“Successful entrepreneurs have the courage to follow their dreams and never give up.” “You can control your decisions, earnings and work hours by being your own boss.” “Successful entrepreneurs never stop learning and they never stop growing.” “If you want to be successful, you have to take risks and make sacrifices.”