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Which example clearly shows the relation between entrepreneurship and self-employment?

Answer and explanation

Correct answer: A person starts a food service and earns income

The direct answer is A: a person who starts a food service and earns income demonstrates the relation between entrepreneurship and self-employment. Entrepreneurship involves identifying an opportunity, organising resources, taking reasonable risk, and providing a product or service. Self-employment means working through one’s own activity rather than depending on an employer for a job. The reasoning is: the person starts an enterprise; the food service serves customers; income is earned through that enterprise. A is correct. B is wrong because sitting without work is not employment or enterprise. C is wrong because complaining alone creates no livelihood activity. D is wrong because rejecting opportunities does not show initiative. Memory cue: own venture plus own income equals self-employment.

Related tags

Home-ScienceEntrepreneurshipSelf-Employment

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