10 Questions
Which theory argues that entrepreneurs are driven by certain psychological traits?
Psychological theory
Which theory emphasizes the strong desire for high achievement as a motivation factor among successful entrepreneurs?
Need for achievement theory
Which entrepreneur is mentioned as an example of fulfilling the need for achievement theory?
Mark Zuckerberg
Which theory suggests that entrepreneurs are able to create new businesses because they are able to innovate?
Innovation theory
Which entrepreneur is mentioned as an example of innovating with electric cars, reusable rockets, and tunnel boring technology?
Elon Musk
According to the economic theory of entrepreneurship, what motivates entrepreneurs?
Opportunity to make a profit
What aspect of the sociological theory influences entrepreneurs, according to the text?
Access to resources like capital, education, and networks
What does the economic theory suggest about the role of entrepreneurs in the economy?
They are responsible for setting off changes in the economy
What quality does an entrepreneur need, according to the sociological theory?
Optimistic outlook
What is the sociological theory's view on seizing new problems, according to the text?
It is seen as opportunities for testing one’s own capabilities
Test your knowledge of the economic theory of entrepreneurship, which argues that entrepreneurs are motivated by profit opportunities, are risk-takers, and can trigger changes in the economy through business cycles. Explore how entrepreneurship is linked to economic growth.
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