English

Innovation is the implementation of new ideas and changes into reality-this function is carried out by ______. - Economic Applications

Advertisements
Advertisements

Question

Innovation is the implementation of new ideas and changes into reality-this function is carried out by ______.

Options

  • An engineer

  • An architect

  • An army man

  • An entrepreneur

MCQ
Fill in the Blanks

Solution

Innovation is the implementation of new ideas and changes into reality-this function is carried out by an entrepreneur.

Explanation:

Entrepreneurs are responsible for innovation, which involves implementing new ideas, processes, products, or changes into reality. They take the initiative to turn innovative concepts into viable businesses, products, or services and are key economic growth and development drivers.

shaalaa.com
Functions of an Entrepreneur
  Is there an error in this question or solution?
Chapter 4: Factors of Production - QUESTIONS [Page 112]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 58. | Page 112
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×