INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Entrepreneurs form the backbone of the economy. Through entrepreneurial activities, they introduce new products, production methods, and business strategies to the market, thereby boosting productivity and competition while creating employment. Entrepreneurs are vital to the health of an economy.
Detailed explanation-2: -Commerce is considered as the backbone of industry because it performs the following functions : Helps in eliminating the hindrances of persons. Helps in eliminating the hindrances of place. Helps in eliminating the hindrances of time.
Detailed explanation-3: -Your people are the crucial system underpinning your organization’s ability to grow and thrive. So how crucial are employee benefits to achieving your company’s goals and objectives? They are extremely important.