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Questions and Answers
What is the role of entrepreneurship in economic development?
What is the role of entrepreneurship in economic development?
- Promoting political stability
- Increasing import and export activities
- Creating jobs and employment generation (correct)
- Reducing national income
How does industrial development impact economic power?
How does industrial development impact economic power?
- Concentrates economic power in a few hands (correct)
- Leads to economic independence
- Redistributes economic power evenly
- Has no impact on economic power
What is the significance of balanced regional development?
What is the significance of balanced regional development?
- Leads to overall public benefits like transport facilities and education (correct)
- Limits development to selected cities
- Promotes urbanization only
- Increases economic disparities
How does entrepreneurship contribute to improving the standard of living?
How does entrepreneurship contribute to improving the standard of living?
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What does national income consist of?
What does national income consist of?
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