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Which example shows both social and economic benefits of entrepreneurship?

Answer and explanation

Correct answer: Selling nutritious snacks by employing local women

Answer: A. Entrepreneurship can create economic value by producing goods or services, earning income and generating employment. It can also create social value when it improves people’s opportunities or well-being. In A, selling nutritious snacks is an economic activity because the enterprise earns revenue and supplies a useful product. Employing local women gives them work and income, which is a social and economic benefit for their households and community. A is therefore the only option showing both kinds of benefit. B is wrong because misleading customers is unethical and damages trust. C is wrong because wasting resources creates loss rather than benefit. D is wrong because hiding quality is dishonest and can harm consumers. Memory cue: look for two results together—community benefit plus useful income or employment.

Related tags

Home ScienceEntrepreneurshipSocial BenefitEconomic BenefitEntrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And CharacteristicsWorkLivelihood And CareerWork Livelihood And Career

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