Entrepreneurship and Business Skills Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>By achieving a high rate of economic growth</p> Signup and view all the answers

    What does national income consist of?

    <p>Goods and services produced in the country and imported</p> Signup and view all the answers

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