ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.

Detailed explanation-2: -b. Imitative entrepreneurs: They imitate techniques and technology innovated by others. They are adoptive and more flexible.

Detailed explanation-3: -Imitating entrepreneurs: The imitating entrepreneurs are those who immediately copy the new inventions made by the innovative entrepreneurs. These do not make any innovations by themselves; they just imitate the technology, processes, methods pioneered by others.

Detailed explanation-4: -B. Adoptive or Imitative Entrepreneur: There is a second group of entrepreneurs generally referred as imitative entrepreneurs. The imitative entrepreneurs copy or adopt suitable innovations made by the innovative entrepreneurs. They does not innovate the changes himself.

Detailed explanation-5: -Answer: The imitative entrepreneurs will do business of an existing product in any other country. Example: Walton BD. has introduced its motorbikes, refrigerators, televisions and other electronic appliances in Bangladesh not being the original inventor of those products.