Explain any two factors that contribute to creation of an environment conducive to entrepreneurship development.
GeneralClass 11CBSEAnswered 23 Jun 2026
Answer
The two factors that contribute to the creation of an environment conducive to entrepreneurship development are:
- Globalisation: Globalisation means interconnecting different countries of the world. It has caused shrinking of time, space and disappearance of borders. It offers growing global markets for both goods and services.
- Technology breakthrough: Increasing use of technology creates unlimited entrepreneurial opportunities to meet the global demand of goods and services.
Suggested Q&A
General · Class 11- GeneralClass 11Why an entrepreneur is referred as a change agent?
- GeneralClass 11Is the concept of entrepreneurship confined to big business enterprises and economic institutions only?
- GeneralClass 11Mention three qualities of an entrepreneur as stated by Peter Drucker.
- GeneralClass 11How Adam Smith defined an entrepreneur?
- GeneralClass 11Name the economist known for the various theories on the principles of economics.
- GeneralClass 11How entrepreneurship helps in harnessing youth vigour?