INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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only in the United States
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worldwide
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mainly in third-world countries
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first and foremost in the United Kingdom
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Detailed explanation-1: -Although the actual economic impact in most OECD member countries has not been assessed, women entrepreneurs have an important impact on the economy both by the number of small firms they are able to create and because a number of them are able to create growing firms., or are small business owner-managers.
Detailed explanation-2: -Women entrepreneurs are those women who think of a business enterprise, initiate it, organise and combine factors of production, operate the enterprise and undertake risks and handle economic uncertainty involved in running it.
Detailed explanation-3: -Entrepreneurs develop new markets by introducing new and improved products, services, and technology.
Detailed explanation-4: -These female entrepreneurs play a crucial role in the Indian economy and have a significant effect on it by generating employment, accelerating development, and fostering prosperity. As per recent figures, women comprise 14 per cent of the total entrepreneurs in India, which works out to 8 million.
Detailed explanation-5: -Women are a crucial part of entrepreneurship and will continue to lead change for years down the lane. Owing to their ingenuity, they bring with them economic growth, innovation, creativity, and productivity. They also inspire other women and individuals to become business owners and be financially independent.