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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Entrepreneurship improves the quality of life.
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Entrepreneurship is an ordinary small business.
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Entrepreneurship is for the owners’ gain only.
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Entrepreneurship is not supported by the government.
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Detailed explanation-1: -Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.
Detailed explanation-2: -The correct answer is Option 1. Raising the necessary funds is very difficult for an entrepreneur.
Detailed explanation-3: -Self-assurance-The entrepreneur is self-assured, confident in their abilities and knows how to look into the future and plan well. A self-assured person instills further confidence in themselves. Devotion-The entrepreneur is devoted to their goals, working long and hard, day and night to achieve them.
Detailed explanation-4: -Social entrepreneurs provide access to employment, food, affordable energy and other critical services to those who are struggling. It is estimated that businesses partnering with and supporting social entrepreneurs could have a positive impact on the lives of nearly 1 billion people around the world.