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What is the relation between self-employment and entrepreneurship?

Answer and explanation

Correct answer: Self-employment can be a form of entrepreneurship

Self-employment means earning through one’s own work rather than working as an employee for an employer. It can be entrepreneurial when the person identifies an opportunity, organises resources, creates value, and accepts business responsibility or risk. However, every self-employed activity need not involve substantial innovation or growth.

Related tags

Self-EmploymentEntrepreneurshipInitiativeEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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