ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following BEST describes an entrepreneur?
A
Has a strong desire to achieve and is innovative
B
Recognizes opportunities but sacrifices them
C
Has the urge to keep a product in the existing market
D
Has a strong desire for money but does not go after it
Explanation: 

Detailed explanation-1: -Passion. Passion is what drives entrepreneurs. They usually love what they do, and this helps them invest their time in their projects. To become a more passionate entrepreneur, focus on the meaning of your work.

Detailed explanation-2: -Answer and Explanation: The correct answer is B. an entrepreneur combines the various production factors, including land, labor, and capital, to make products suitable for the consumers in the market.

Detailed explanation-3: -Answer and Explanation: The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.

Detailed explanation-4: -Being a successful entrepreneur They have a great desire to succeed, to solve problems put in front of them, and to have total control of the work they do.

There is 1 question to complete.