As Leeserville stands at the brink of a new millennium, entrepreneurship has been recognized as an important part of economic advancement. Foreign businessmen have created a new pool of capital resources for Leeservilles talent that previously had few monetary options beyond their family and friends.-Debbie Jenkins, AuthorAccording to the passage above, which statement below describes the role of entrepreneurship in Leeserville in the future?

TECHNOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

“As Leeserville stands at the brink of a new millennium, entrepreneurship has been recognized as an important part of economic advancement. Foreign businessmen have created a new pool of capital resources for Leeserville’s talent that previously had few monetary options beyond their family and friends.”-Debbie Jenkins, AuthorAccording to the passage above, which statement below describes the role of entrepreneurship in Leeserville in the future?

A	use the new capital resources to develop new products and ideas
B	reduce the need for money in the economy of Leeserville
C	increase the reliance on family and friends
D	slow the production of capital resources

Explanation:

Detailed explanation-1: -Importance of Entrepreneurship Drives economic growth and creates new job. Encourages innovation by bringing new ideas, products, and services to the market. Contributes to social change by developing products or services that reduce people’s dependence on outdated technologies.

Detailed explanation-2: -Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

Detailed explanation-3: -There is a positive relationship between all economic growth and both total early-stage of entrepreneurial activity and necessity-driven early-stage entrepreneurial activity. On the other hand, there is a negative link between opportunity driven early-stage entrepreneurial activity and economic growth.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY