ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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creating jobs and lowering unemployment.
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supplying capital goods to the government.
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creating different types of trade barriers.
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allowing younger, less experienced workers to take jobs.
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Detailed explanation-1: -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-2: -It intends to build a strong ecosystem that is conducive to the growth of startup businesses, drive sustainable economic growth, and generate large-scale employment opportunities. Entrepreneurship is a solution to the unemployment problem since it opens opportunities for new projects, businesses, alliances, etc.
Detailed explanation-3: -Entrepreneurs create employment opportunities not only for themselves but for others as well. Entrepreneurial activities may influence a country’s economic performance by bringing new products, methods, and production processes to the market and by boosting productivity and competition more broadly.
Detailed explanation-4: -Entrepreneurs provide a large number of employment opportunities to the people to manage their business activities. They generate direct as well as indirect employment to the unemployed persons by setting up more and more units of production at small-and large-scale levels.
Detailed explanation-5: -Investing in products and services people need. Providing employment opportunities. Commerce and regional economic integration. New technologies promote efficiency. Addressing environmental challenges. Innovation impacts socio-economic objectives. More items •20-Oct-2016