Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.
Question:
The government's role in assisting the tech company demonstrates:
Option 1: Entrepreneurship discouragement
Option 2: Entrepreneurship development
Option 3: Import restrictions
Option 4: Reduction in government expenditure
Correct Answer:
Entrepreneurship development
Solution : The correct answer is (b) Entrepreneurship development
By providing financial assistance and incentives to support the tech company's initiative in bridging the digital divide in rural areas, the government is actively contributing to entrepreneurship development. This support encourages and facilitates the growth of entrepreneurial ventures that address societal challenges and promote economic development.
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