Question : Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent.
Which need for entrepreneurship is highlighted here?

Option 1: Contribution to GDP

Option 2: Capital formation

Option 3: Generation of Employment

Option 4: Generation of business opportunities for others.

Question

Question : Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent.
Which need for entrepreneurship is highlighted here?

Option 1: Contribution to GDP

Option 2: Capital formation

Option 3: Generation of Employment

Option 4: Generation of business opportunities for others.

Team Careers360 · Accepted Answer

Correct Answer: Generation of Employment

Solution : Entrepreneurship is a source of employment to people with different abilities, skills and qualifications. Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent.
Hence Option C is correct.

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Related Questions

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Question : The important indicator of economic development is increase in GDP. As income is generated in the production, entrepreneurship generate income through organisation of production.
Which need for entrepreneurship is highlighted here?

Question : It involves improving process, reducing wastage, increasing yield and bringing technical progress by altering labour capital ratio.
Which need for entrepreneurship is highlighted here?

Question : It involves diversification of economic activities across the geography, sector and technological scope which leads to development of any economy.
Which need for entrepreneurship is highlighted here?