What is the main meaning of entrepreneurship?
Answer and explanation
Correct answer: Starting a new activity and creating value
Entrepreneurship is the process of identifying an opportunity, organising resources, taking informed risks, and creating value through a new or improved venture. It may generate income and employment, but it is not limited to earning money alone. Therefore option A is correct; job seeking, careless spending, and avoiding work do not define entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
Starting a new activity and creating value
Why is this the correct answer?
Entrepreneurship is the process of identifying an opportunity, organising resources, taking informed risks, and creating value through a new or improved venture. It may generate income and employment, but it is not limited to earning money alone. Therefore option A is correct; job seeking, careless spending, and avoiding work do not define entrepreneurship.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
