ENTREPRENEURSHIP

1. What is entrepreneurship? (1)
2. What are the characteristics of a good entrepreneur? (5)
3. According to the research conducted, what are the reasons for people considering entrepreneurship? (5x2)
4. What are the benefits of entrepreneurship to:
4.1 The youth? (3)
4.2 The community? (3)
4.3 The country? (3)
5. Which industries offer niches for young entrepreneurs? (3)
6. Which career fields have skills shortages? (3)
7. How can entrepreneurship combat unemployment? (5x2)

Question

14-07-2024
Business

Answered

ENTREPRENEURSHIP

1. What is entrepreneurship? (1)
2. What are the characteristics of a good entrepreneur? (5)
3. According to the research conducted, what are the reasons for people considering entrepreneurship? (5x2)
4. What are the benefits of entrepreneurship to:
4.1 The youth? (3)
4.2 The community? (3)
4.3 The country? (3)
5. Which industries offer niches for young entrepreneurs? (3)
6. Which career fields have skills shortages? (3)
7. How can entrepreneurship combat unemployment? (5x2)

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-14T11:43:25-04:00

Final answer:

Entrepreneurship involves risk-taking and innovation. Entrepreneurs need specific characteristics for success. Entrepreneurship benefits individuals, communities, and countries, and helps combat unemployment.

Explanation:

Entrepreneurship is the willingness and innovation needed to risk starting a business. An entrepreneur possesses good characteristics like resilience, creativity, passion, adaptability, and vision. Reasons for considering entrepreneurship include autonomy, pursuing passion, financial potential, flexibility, and the desire for impact.

Benefits of entrepreneurship include creating jobs for the youth, boosting the community's economy, and contributing to the overall development of the country. Industries like technology, e-commerce, and sustainability offer niches for young entrepreneurs.

Entrepreneurship can help combat unemployment by generating job opportunities, fostering economic growth, promoting innovation, increasing productivity, and encouraging skills development.

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