Mr. Anil always wanted to work for the development of the nation. In order to realize his dream he has now decided to become an entrepreneur as he believes that entrepreneur helps an individual in helping the nation by contributing to the Gross National Product. Do you think Mr. Anil’s opinion is correct? Justify your answer.
EconomicsClass 8CBSEAnswered 23 Jun 2026
Answer
Mr. Anil’s opinion is correct. Entrepreneurs help in increasing the Gross National Product in the following manner:
- launches a new venture
- develops a new product
- commercializes his invention
- develops a new market for himself
- sell, export and import goods and services
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