Question

Answer each of these questions in about 15 words:
Name any two institutions involved in Entrepreneurship Development Program.
Who is a social entrepreneur?
What are insurable risks?
What are non-insurable risks?
What is economic barrier?
Give an example of a social entrepreneur.

Answer 1

Answer:

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Answer 2

Explanation:

1.Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. 

2.Insurability can mean either whether a particular type of loss can be insured in theory, or whether a particular client is insurable for by a particular company because of particular circumstance and the quality assigned by an insurance provider pertaining to the risk that a given client would have.

3.Uninsurable risk is a condition that poses an unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law. Insurance companies limit their losses by not taking on certain risks that are very likely to result in a loss.

4.In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur.

5.Examples of social entrepreneurship include microfinance institutions, educational programs, providing banking services in underserved areas and helping children orphaned by epidemic disease. ... The main goal of a social entrepreneur is not to earn a profit, but rather to implement widespread improvements in society.

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