ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -According to entrepreneurs, three factors are most important for enabling a company’s growth: access to markets, the supply of human capital (i.e. people with the right skills for the job) and access to funding.

Detailed explanation-2: -Nationality of a person doesn’t affect him being an entrepreneur. The factors like Education applies to the knowledge of an entrepreneur, the working experience of an entrepreneur helps in the workings of the business, most importantly the personal values of achievement and ethics helps in growth of an entrepreneur.

Detailed explanation-3: -The major environmental factors in business are technological factors, economic factors, social factors, political factors and cultural factors.

Detailed explanation-4: -Sacrifice – Are you willing to sacrifice short term to benefit in the long term? Experience – Do you have some business or related experience? Leadership – Do you like being the leader? Organization – Are you organized? Optimism – Are you optimistic?