INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ because new products and technologies are typically better than those they replace and the availability of improved products and technologies increase consumer demand.
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Entrepreneurial destruction
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Organization destruction
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Creative destruction
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Innovation destruction
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Explanation:
Detailed explanation-1: -In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.
Detailed explanation-2: -Agriculture. In the early 1800’s, agricultural workers used to make up over 50% of the U.S. workforce. 14 In 2020, less than 2% are employed in this sector. 15 Yet, more food than ever is being produced in America due to the automation in agriculture and food production.
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