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?
Option 1: Improvement in economic efficiency
Option 2: Increasing spectrum and scope of economic activities
Option 3: Impact on local communities
Option 4: Capital formation
Correct Answer: Increasing spectrum and scope of economic activities
Solution : Diversification of economic activities across the geography, sectorial and technological scope leads to development of an economy. It mobilises local and even overseas resources to augment the production capacity of a country. Hence Option B is correct.
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 : 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 is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
Question : It involves introduction of new products, discovery of new market and sources of supply of inputs, technological break thoughts as well as introduction of new organisation forms for doing things in a better way. Which characteristics of entrepreneurship is highlighted
Question : Which branch of Human Geography focuses on the spatial distribution of health and diseases?
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