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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Increasing interest rated on laons
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deregulating and reducing taxes
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Establishing higher ethical standards
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passing more legislation with strict guidelines
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Detailed explanation-1: -Governments can invest in education and training programmes to help entrepreneurs acquire the knowledge they need. For example, the National Science and Technology Entrepreneurship Development Board (NSTEDB) in India provides training and support to entrepreneurs in the areas of science and technology.
Detailed explanation-2: -The government can foster entrepreneurship by: 1) Allowing private ownership of business. 2) Passing laws that enable businesses to write enforceable contracts. 3) Establishing a currency that is tradable in world markets.
Detailed explanation-3: -Q: What are the government schemes for startups in India? The Startup India Seed Fund Scheme and the Startup India initiative are two of the biggest government schemes for startups in India. Other schemes include the Pradhan Mantri Mudhra Yojna, Standup India Scheme, and Venture Capital Assistance Scheme.
Detailed explanation-4: -Develop a statement to encourage entrepreneurship. Create a bond between employees and the company. Celebrate mistakes. Promote ‘intrapreneurship’ Pursue passions in and out of the company. Entrepreneurship is a mindset. Recognize and reward. Build personal brands. More items •08-Jun-2021