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
Answer (1)
16th Jan, 2024
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.
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