ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Cuban first ventured into business at age 12. He sold garbage bags to pay for a pair of expensive tennis shoes. A few years later, he earned money by selling stamps and coins.

Detailed explanation-2: -The billionaire serial entrepreneur and Dallas Mavericks owner recently told GQ magazine that a family friend gave him the opportunity, marking his first-ever sales job. The friend sold Cuban boxes of trash bags for $3, so Cuban could turn around and sell them around the neighborhood at $6, to save money for sneakers.

Detailed explanation-3: -“People thought I was an idiot.” In 1995, Cuban was living off of the roughly $2 million in proceeds from the sale of his first tech company, MicroSolutions.

Detailed explanation-4: -Mark Cuban founded video portal Broadcast.com with fellow Indiana University alum Todd Wagner in 1995 and sold it to Yahoo for $5.7 billion in 1999. Today he owns the NBA’s Dallas Mavericks and has stakes in Magnolia Pictures, AXS TV and dozens of small startups.

Detailed explanation-5: -A serial entrepreneur, Mark Cuban is co-founder and chairman of Denver-based independent cable network HDNet and owner of the Dallas Mavericks basketball team. He is also an active investor and regularly appears on ABC’s reality series, Shark Tank.