ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The skills of people who are willing to invest time and money to run a buainess
A
Labor
B
Land
C
Capital
D
Entrepreneurship
Explanation: 

Detailed explanation-1: -Entrepreneur skills include various skill sets such as leadership, business management, time management, creative thinking and problem-solving. You can apply these skills in many job roles and industries. These entrepreneur skills are vital for promoting innovation, business growth and competitiveness.

Detailed explanation-2: -A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.

Detailed explanation-3: -A vision. Know exactly what you want. Ask questions. Question yourself, your plans, your strategy, your business plans and your decisions. Passion and energy. A work ethic. Create an opportunity. Communication. Sales.

Detailed explanation-4: -Creative thinking. Creativity leads to invention, which leads to opportunity. Critical thinking. Effective communication. Financial knowledge. Smart business management. Valiant. Stress management. Time management. More items •17-Dec-2022

Detailed explanation-5: -Learn how to budget. Know where to spend money. Find investors that believe in your idea. Identify a path to profitability. Forecasting the Future of Your Business. Communication about money. 03-Jun-2022

There is 1 question to complete.