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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Which of these is a social barrier to entrepreneurship?
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Low status
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Custom of people
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Both
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None
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Explanation:
Detailed explanation-1: -Caste and religious affiliations often act as hurdles in the way of a business. Financial stability and family backgrounds also have to be kept in mind. These, too, can impact the operations and development of an enterprise. Socio-cultural norms and values often act as barriers for modern-day budding entrepreneurs.
Detailed explanation-2: -The following are the barriers of entrepreneurship: Lack of capacity. Lack of risk-taking capacity. Not having a strategic plan.
Detailed explanation-3: -Ans. Grameen Bank by Muhammad Yunus is an example of social entrepreneurship.
Detailed explanation-4: -Expert-Verified Answer. e) Team barrier is not a barrier of entrepreneurship.
There is 1 question to complete.