Question

Write any two roles and functions of entrepreneurship.

Hint:

Entrepreneurs drive economic growth through innovation and risk-taking.

Answer 1

Entrepreneurship fulfills two key roles:

Innovation: Entrepreneurs develop novel concepts, products, or services to address market demands.
Risk-taking: They undertake financial and business risks to launch and expand enterprises.
Resource Management: Entrepreneurs efficiently organize and control resources such as labor, capital, and materials.
Employment Generation: They generate employment opportunities through the establishment of new ventures.