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GeneralClass 11CBSE

Describe the era of village economy.

The era of village economy focused on human activities devoted to innovation, production and distribution of processed goods, tools, implements and other articles of domestic use with private initiatives. Entrepreneurship flourished abundantly under village economy.

GeneralClass 11CBSE

What was the major occupation of the people after the permanent settlement?

After the permanent settlement agriculture was the main occupation. People were engaged in generating surplus through selected agricultural and animal husbandry services, supply of tools and implements, innovative ways and means to process agriculture etc.

GeneralClass 11CBSE

What were the main activities of the tribal people in the past?

Tribal people, settled at one place got involved in the activities like, rearing of animals, gathering and storage of food, protection from natural hazards, wild animals etc.

GeneralClass 11CBSE

What was the nature of human activity at the dawn of civilisation.

At the dawn of civilisation, people used to move in groups. They were primarily focused on animal hunting and food gathering to satisfy elementary needs.

GeneralClass 11CBSE

What is the contribution of service sector enterprise in entrepreneurship?

Service sector enterprise has grown manifold causing rapid and horizontal spread of entrepreneurship.

GeneralClass 11CBSE

What was the main feature of economy in the towns?

Town economy marked the beginning of ‘mercantile era’. All innovations, goods or services found their use well spread outside the local boundaries.

GeneralClass 11CBSE

On what basis enterprises are categorised?

Enterprises are categorised on the basis of the nature of entrepreneurial activities, their size, level of technology used and their location.

GeneralClass 11CBSE

What does the society need to avail the facility of transport?

Society needs production, distribution, maintenance and modifications of the means of transport to suit the changing environment.

GeneralClass 11CBSE

What is the nature of the human activity?

Human activity faces continuous change. It is dependant on new goods and services to adjust with the changing environment.

GeneralClass 11CBSE

What is considered as the prime need of human beings?

Mobility is considered as the prime human need. In order to satisfy this need, there has been a continuous search for means of transport and related services.

GeneralClass 11CBSE

Why people are engaged in economic activities?

People are engaged in performing economic activities to earn their living, to generate wealth and to improve their standard of living.

GeneralClass 11CBSE

What was the common medium of exchange in the town economy?

Precious metals like silver and gold were the common instrument for exchange.

GeneralClass 11CBSE

Is there any relation between entrepreneurial opportunities and human activities?

Entrepreneurial opportunities and human activities are positively associated in terms of nature, growth and continuity.

GeneralClass 11CBSE

For performing human activities, what do people need?

For performing human activities people need certain tools and techniques, means and methods, products and services, facilities and environment.

GeneralClass 11CBSE

What type of activity is included in services enterprise?

It provides different types of services ranging from repair and maintenance, to tours and travel, entertainment and information etc.

GeneralClass 11CBSE

What type of activity is included in business enterprise?

It deals with distribution, purchase and sale of goods and services.

GeneralClass 11CBSE

What type of activity is included in industry enterprise?

Industry enterprise deals with manufacturing and processing of goods.

GeneralClass 11CBSE

What do you mean by ‘Barter System’ of exchange?

The practice of exchanging goods with other goods is known as Barter System of exchange.

GeneralClass 11CBSE

What is the purpose of performing human activities?

The purpose of performing human activities is to satisfy human needs.

GeneralClass 11CBSE

Name any six entrepreneurial qualities.

Important entrepreneurial qualities are: Motivation and emotion Determination and perseverance Boldness Initiative to take responsibility Creativity and innovative spirit Need to achieve

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