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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Higher allowances
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Enforceable trade agreements
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Lower tariffs
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Flexible currency rates
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Detailed explanation-1: -What is often a positive result of accepting responsibility for a poor decision? Which of the following statements is true regarding the use of group creative-thinking techniques to facilitate the idea-generation process: Group members most often generate new ideas by altering or building upon another idea.
Detailed explanation-2: -Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.
Detailed explanation-3: -Entrepreneurship Accelerates Economic Growth By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth.