ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The five disadvantages of Entrepreneurship are uncertain income, no fixed working hours, risk of failure, lack of investors, and more stress.

Detailed explanation-2: -Having an uncertain income is one of the things that people find frightening about going into business for themselves. Unlike a salary earned from working for someone else, future business profits are hard to predict. And people like to be able to forecast what they will earn in coming years.

Detailed explanation-3: -The five disadvantages of entrepreneurship can be as follows: There will be no fixed working hours. There will be no assurance of income in the initial days. You need to find investors who will be interested in your project. There is a chance of going bankrupt if the business idea does not work out.

Detailed explanation-4: -The explanation for correct option C. Being own boss is not a disadvantage.

Detailed explanation-5: -Business uncertainty refers to situations in which businesses face risks that can’t be foreseen or measured. During these times, it may be hard for businesses to predict their performance due to unprecedented or constantly changing events.