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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Entrepreneurship utilizes three resources:natural, nonhuman, and human resources.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Industrialized nations typically require fewer capital goods than developing countries. Similarly sized businesses within the same industry usually use identical resources. Natural resources, human resources, and capital goods are often referred to as factors of production.
Detailed explanation-2: -Entrepreneurship involves taking on risk and organizing production through establishing new businesses and exploring new ideas and new products.
Detailed explanation-3: -Entrepreneurship examples can be startup companies like BYJU’S, Ola, Flipkart, etc, or it can be any small business that is started by an individual or a group of individuals. Also see: What is Entrepreneurship?
There is 1 question to complete.