ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which arrangement is correct according to maslow’s need hierarchy theory from bottom to top
A
security needs, social needs, physiological needs, self-actualization needs, esteem needs
B
self-actualization needs, esteem needs, social needs, security needs, physiological needs
C
Social needs, esteem needs, self actualization needs, physiological needs, security needs
D
Physiological needs, security needs, social needs, esteem needs, self actualization needs
Explanation: 

Detailed explanation-1: -There are five levels in Maslow’s pyramid. The bottom two levels are physiological needs and safety needs which, together, make up basic needs. Next are social and esteem needs-also referred to as psychological needs. Self-actualization needs are at the top level of Maslow’s pyramid.

Detailed explanation-2: -Needs lower down in the hierarchy must be satisfied before individuals can attend to needs higher up. From the bottom of the hierarchy upwards, the needs are: physiological, safety, love and belonging, esteem and self-actualization. This five-stage model can be divided into deficiency needs and growth needs.

Detailed explanation-3: -The pyramid is based on the idea that certain basic needs must be met before individuals can progress up the hierarchy to more complex needs. The hierarchy places physiological needs at the bottom, followed by safety, then belongingness and love, onto esteem, and lastly, self-actualization.

Detailed explanation-4: -Physiological needs are the lowest level of Maslow’s hierarchy of needs. They are the most essential things a person needs to survive. They include the need for shelter, water, food, warmth, rest, and health. A person’s motivation at this level derives from their instinct to survive.

Detailed explanation-5: -Physiological Needs. Food, water, clothing, sleep, and shelter are the bare necessities for anyone’s survival. Safety and Security. Once a person’s basic needs are satisfied, the want for order and predictability sets in. Love and Belonging. Esteem. Self-Actualization.

There is 1 question to complete.