This refers to the unwavering dedication to work for the common good of the society through ones business. This includes a willingness to use ones own savings, sacrificing family time, and working long hours and traveling to different places to acquire needed resources.

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

This refers to the unwavering dedication to work for the common good of the society through one’s business. This includes a willingness to use one’s own savings, sacrificing family time, and working long hours and traveling to different places to acquire needed resources.

A	Commitment
B	Feedback Seeking
C	Opportunity Orientation
D	Perseverance

Explanation:

Detailed explanation-1: -Commitment. Refers to the unwavering dedication to work for the common good of the society through one’s business. Feedback-seeking. Refers to the taking of steps to know how well they are doing and how they might improve their performance.

Detailed explanation-2: -An entrepreneurial mindset is a specific set of beliefs, knowledge, and thought processes that drive entrepreneurial behavior.

Detailed explanation-3: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.

Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT