ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Freedom and passion, not money, is the main motivation. Cox Business found that more than half of small business owners start their own businesses to be their own boss. They were also motivated by the idea of creating something from the ground up.

Detailed explanation-2: -Answer and Explanation: The opportunity to reap unlimited profits is the primary motivator for most entrepreneurs. The statement is false.

Detailed explanation-3: -Money is not the primary motivation for entrepreneurs. Entrepreneurs are primarily driven by the passion to make their mark. The whole idea of bringing fresh business plans into existence deeply fascinates an entrepreneur. It is the chase and the experience that matters most to successful entrepreneurs.

Detailed explanation-4: -Entrepreneurs set up businesses for a number of different reasons. Most commonly, these fall under three categories: financial, non-financial and social/community, eg social enterprises.