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Which statement most accurately describes the relationship between entrepreneurship and self-employment?

Answer and explanation

Correct answer: Entrepreneurship can be a form of self-employment but places greater emphasis on opportunity recognition and value creation

Self-employment means working for oneself rather than for an employer, and it may involve a routine small activity. Entrepreneurship can include self-employment but especially involves identifying opportunities, creating value, innovating or growing an activity while managing risk. C is correct; entrepreneurship is not restricted to large companies and the two terms are not identical.

Related tags

Self EmploymentEntrepreneurshipValue CreationInnovationIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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