How can entrepreneurship contribute to increase in National Production?
GeneralClass 11CBSEAnswered 23 Jun 2026
Answer
- Entrepreneurs facilitate increase in national production in the following manner:
- They produce goods and services to meet increasing demand of the consumers.
- They facilitate earning foreign exchange through production of export goods.
- They bear cost and risk of launching a new venture, developing a new product, commercialising an invention and developing a new market.
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