Why is entrepreneurship not limited only to earning profit?
Answer and explanation
Correct answer: Because it also includes value creation, employment, and problem solving
Profit is important for the survival and growth of a venture, but entrepreneurship has a wider role. Entrepreneurs identify needs, create useful products or services, generate employment, solve problems, and often contribute to economic or social development. The other choices deny the work, customers, and decisions that every venture requires. Hence A is the complete answer.
Frequently asked questions
What is the correct answer to this question?
Because it also includes value creation, employment, and problem solving
Why is this the correct answer?
Profit is important for the survival and growth of a venture, but entrepreneurship has a wider role. Entrepreneurs identify needs, create useful products or services, generate employment, solve problems, and often contribute to economic or social development. The other choices deny the work, customers, and decisions that every venture requires. Hence A is the complete answer.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
