INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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Which of the following is an example of a demographic trend that has encouraged entrepreneurial discovery:NCCTE.9 ____ 12.SH.ME11.2.01RBT:
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Interest rate fluctuations
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Increased cultural diversity
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Industry deregulation
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Technological advancements
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Explanation:
Detailed explanation-1: -In 1976, Steven Jobs and Steven Wozniak set out to create Apple, the first personal computer. In less than five years, they had created a whole industry comprised of hundreds of related businesses and thousands of new jobs.
Detailed explanation-2: -41.5% of all entrepreneurs are women, while 58.5% are men. The average age of an employed entrepreneur is 44 years old. The most common ethnicity of entrepreneurs is White (67.1%), followed by Hispanic or Latino (15.4%), Asian (6.4%) and Black or African American (6.3%). In 2021, women earned 88% of what men earned.
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