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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsExpertLevel 47

At expert level, which is the most suitable definition of entrepreneurship?

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Answer and explanation

Correct answer: Identifying opportunity organising resources managing risk creating value and running livelihood responsibly

Entrepreneurship is a balanced mix of opportunity value risk and responsibility. In exams, understand the definition broadly.

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entrepreneurship definitionvalueriskresponsibility

Frequently asked questions

What is the correct answer to this question?

Identifying opportunity organising resources managing risk creating value and running livelihood responsibly

Why is this the correct answer?

Entrepreneurship is a balanced mix of opportunity value risk and responsibility. In exams, understand the definition broadly.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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