INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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grows the economy
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adds income
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creates job
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all of the above
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Detailed explanation-1: -Entrepreneurs create new businesses, which in turn add to national income via taxation. New businesses create new, innovative ideas that could create things that help people in their everyday lives. If you become a social entrepreneur, your business will have a direct, positive impact on society.
Detailed explanation-2: -Communities reap the benefit of entrepreneurship because businesses help to foster innovation, promote economic development, and create jobs. A successful company is likely to expand, which generates taxes, jobs, and other benefits for the area.
Detailed explanation-3: -Entrepreneurship enables new markets to develop in the form of goods, services, and technology. It paves ways of generating wealth; these higher earnings contribute to increased national income and tax revenues. It promotes innovation, self-reliance and generates employment opportunities.
Detailed explanation-4: -Entrepreneurs provide job opportunities. Entrepreneurs increase competition & boost productivity. Entrepreneurs create new business & new markets. Entrepreneurs add national income. More items