INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is economics?
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A social science that studies how people satisfy their demands for goods and services.
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A quick description of your business that you use to explain it to customers and investors.
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The simplest organizational structure, which contains a direct chain of command through levels of personnel.
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None of the above
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Explanation:
Detailed explanation-1: -Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Detailed explanation-2: -Economics is a social science that studies how people satisfy their unlimited wants by carefully managing and using their limited resources. Economic principles are a set of rules or concepts that govern how people satisfy their unlimited wants with their limited resources.
Detailed explanation-3: -Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
There is 1 question to complete.