How can an entrepreneur create employment for society?
Answer and explanation
Correct answer: By growing the business and giving work to people
When an entrepreneur establishes and expands a business, the venture may need workers for production, sales, delivery, accounting, service, or administration. Hiring people for these productive roles creates direct employment, and business activity may also support indirect jobs. Stopping work, cheating customers, or destroying resources cannot create sustainable employment and harms economic activity.
Frequently asked questions
What is the correct answer to this question?
By growing the business and giving work to people
Why is this the correct answer?
When an entrepreneur establishes and expands a business, the venture may need workers for production, sales, delivery, accounting, service, or administration. Hiring people for these productive roles creates direct employment, and business activity may also support indirect jobs. Stopping work, cheating customers, or destroying resources cannot create sustainable employment and harms economic activity.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Role of small businesses in India.
