ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This is an important reason or incentive that entrepreneurs have for starting their own businesses.
A
The competition.
B
The profit motive.
C
The ability to pay cheaper taxes.
D
Government regulations.
Explanation: 

Detailed explanation-1: -Self-discipline. This may be one of the most important qualities for an aspiring entrepreneur to have. You are at the heart of your business idea, meaning that you will be the one to hold yourself accountable.

Detailed explanation-2: -People land in the entrepreneurial world for many reasons. In analyzing what ends up driving these entrepreneurs, researchers and observers find 4 particularly strong motives: control, freedom, impact and wealth (in alphabetical order.)

Detailed explanation-3: -Freedom to pursue your passion. Create generational wealth. Support community, non-profits, and other social efforts. Turn a side-project into something more. Challenge the status quo. Flexibility and balance. Being the boss. 05-Apr-2022

There is 1 question to complete.