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प्रश्न
Discuss three ways by which an entrepreneur promotes economic growth.
Explain five ways in which entrepreneurs can promote the economic development of a country.
Explain the role of an entrepreneur in the economic development of the country.
उत्तर १
Entrepreneurs contribute to economic growth in the following ways:
- Innovative power towards industrialisation: When entrepreneurs introduce cost-reducing or demand-creating innovations in various industries, industrial production becomes profitable. The country will become self-sufficient in the production of various types of industrial goods of high quality to cater to the changing needs of both domestic and foreign markets.
- Generation of higher employment: Different types of innovation result in higher profits for entrepreneurs. They use the earned income for productive purposes or in new ventures. This leads to an increase in investment, which generates employment opportunities in an economy.
- Ability to predict the future market and business conditions: Entrepreneurs make a complete analysis of market conditions at regular intervals. This enables a firm to take precautionary actions to overcome uncertain business conditions, such as inflationary and deflationary conditions. So, the economy will be balanced at times of unfavourable business conditions because of entrepreneurs.
उत्तर २
- Entrepreneurs mobilize the idle savings of the public through the issue of shares and debentures. Investment of these savings in industry results in capital formation.
- They generate employment opportunities in the country and thus help to reduce the unemployment problem in the country.
- When entrepreneurs set up industries in backward areas of countries, they help to remove regional disparities in economic development.
- Entrepreneurs produce a variety of consumer goods which help improve the standards of living of the masses.
- Industrialists, when they produce goods and services which used to be imported from abroad, help reduce dependence on foreign countries.
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संबंधित प्रश्न
Define the term ‘Entrepreneur’.
State any two differences between an entrepreneur and other factors of production.
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.
A businessman stocks potatoes in the cold storage during the winter and releases that stock during summer. Will this be considered as production? Give a reason for your answer.
Discuss the risk-bearing functions of an entrepreneur.
Students to know about the characteristics of entrepreneur, Set up your classroom like a industry. Some Students are asked to act like a businessman, Do the industries activities. Teacher and students together discuss the entrepreneur and their important of development of society.
Mention the characteristics of an entrepreneur.
The entrepreneur is also called ______.
In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
The picture above shows which factor of production.
Which of the following is not a function of an entrepreneur?
______ is a person who starts a business.
Identify the correct statement from the following:
______ earns income in the form of profit as a factor of production.
A network of good entrepreneurs will help to generate ______.
Which is the only factor of production that earns profits? Why?
State two ways through which an entrepreneur contributes towards economic development.
Discuss the three functions of an entrepreneur.
Discuss the decision-making function of an entrepreneur.
'Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.
Explain the importance of an entrepreneur.
Name the factor of production to which uncertainty-bearing belongs.
