Question

Which of the following statements is/are true regarding entrepreneurship?

• A. It always involves traditional trades.
• B. It sometimes involves setting up an enterprise.
• C. It helps tackle unemployment.
• D. It aids economic growth.

Answer 1

Answer: (B), (C), (D)

It aids economic growth.

An entrepreneur is an innovator of new ideas and business processes. Entrepreneurship is the process or the action undertaken by an entrepreneur to establish an enterprise. An entrepreneur helps in reducing regional disparity, increasing national income and per capita income, and providing employment.