Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the impact of entrepreneurship?
What is the impact of entrepreneurship?
- Increases government regulations
- Creates job opportunities and drives innovation (correct)
- Reduces economic growth
- Leads to monopolistic competition
What is a key characteristic of entrepreneurship?
What is a key characteristic of entrepreneurship?
- Following traditional business practices
- Risk-taking and innovation (correct)
- Relying solely on government support
- Avoiding challenges and maintaining the status quo
What is the role of entrepreneurship in society?
What is the role of entrepreneurship in society?
- Promoting income equality through monopolies
- Stifling creativity and progress
- Driving economic development and addressing social needs (correct)
- Creating bureaucratic hurdles
Flashcards are hidden until you start studying
