INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The environment
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The market
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The labour
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The government
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Detailed explanation-1: -16. Entrepreneurial task depend upon the personality of the entrepreneur, organisational.
Detailed explanation-2: -An entrepreneur is an individual who creates and grows a business through their creative ideas. Entrepreneurs play key roles besides generating income as they grow their businesses. An entrepreneur identifies a commercial need in their community, crafts a business idea and takes the lead role to start their business.
Detailed explanation-3: -Entrepreneurship improves productivity – entrepreneurship injects the economy with a fresh batch of higher productivity firms, increases competition among existing businesses, and pushes out less-productive ones.
Detailed explanation-4: -Entrepreneurial structure This is when the major decisions are made by one or two key personnel. Usually in small businesses this will be the owner or the entrepreneur.