ECONOMICS (CBSE/UGC NET)

ECONOMICS

PRODUCTIVE RESOURCES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these is an example of “entrepreneurship”?
A
Hank Aaron hit his 715th home run in 1974.
B
Steve Jobs created Apple Computers in 1976.
C
Bill Clinton became President of the Unites States in 1993.
D
Michael Jordan joined the National Basketball Association in 1984.
Explanation: 

Detailed explanation-1: -Walter Isaacson, a notable biographer recognizes Jobs as a creative entrepreneur whose passion and ferocious drive revolutionized six key industries including; phones, digital publishing, tablet computing, animated movies and personal computers (Blumenthal, 2012).

Detailed explanation-2: -Apple Computers, Inc. was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak, who brought to the new company a vision of changing the way people viewed computers. Jobs and Wozniak wanted to make computers small enough for people to have them in their homes or offices.

Detailed explanation-3: -Steve Jobs was a charismatic pioneer of the personal computer era. With Steve Wozniak, Jobs founded Apple Inc. in 1976 and transformed the company into a world leader in telecommunications. Widely considered a visionary and a genius, he oversaw the launch of such revolutionary products as the iPod and the iPhone.

Detailed explanation-4: -Jobs and Wozniak started out building the Apple I in Jobs’ garage and sold them without a monitor, keyboard, or casing (which they decided to add on in 1977). The Apple II revolutionized the computer industry with the introduction of the first-ever color graphics.

There is 1 question to complete.