Socio-Economic Benefits of Entrepreneurship

(a)   means a new or different way of doing things.

(a)   is a monetary gain obtained from the use of capital in a transaction or series of transactions.

(a)   is the process of providing goods and services to improve man's quality of life.

How does entrepreneurship contribute to our economy when people are given jobs? Check 3 correct responses from the given choices

• There will be equal distribution of wealth.

• Solves the problem of poverty

• More businesses will be put up in the community.

• There will be healthy competition among businesses that will boost the buying capacity of the consumers.

• The crime rate will decrease.

Which among the following are considered capital resources? Check 3 responses from the given choices.

• land

• manpower

• food

• car

• equipment and machines