Employability: Entrepreneurial Skills – II · Class 10 · CBSE Information Technology (402)
What is the primary role of an entrepreneur in society regarding economic development?
Practice question from Employability: Entrepreneurial Skills – II (Class 10 · CBSE Information Technology (402)), with the correct answer and a step-by-step solution.
medium · MCQ · Q-3B9091
What is the primary role of an entrepreneur in society regarding economic development?
- A.Creating job opportunities, introducing innovation, and improving standard of livingCorrect answer
- B.Reducing market competition to maintain fixed pricing models
- C.Relying entirely on government subsidies for long-term survival
- D.Limiting the production of goods to prevent resource depletion
Solution
Entrepreneurs drive economic growth by creating employment, bringing innovative products and services to the market, and enhancing the overall standard of living.
More from Employability: Entrepreneurial Skills – II
- Which of the following best defines an entrepreneur?
- Which of the following represents a social benefit of entrepreneurship rather than a purely financial one?
- Which of the following is a common myth about entrepreneurship?
- Distinguish between a traditional salaried employee and an entrepreneur with respect to risk and reward.
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