Describe the scope of entrepreneurship in India?
Answers
Answer:
Entrepreneurship is the process of innovation that reallocates resources to new opportunities, often creating new opportunities through unusual combination of resources and skills of risk taking.You should have entrepreneurial skills if you want to have a business and you need to enjoy what you are doing to make things easy. ... Do I recommend studying Entrepreneurship: Everyone can take this course especially those people who want to run a business in the future.Key Takeaways. Entrepreneurship is important as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs, but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.After completing your degree, you may open your own business. The scope of Entrepreneurship in India or in abroad is tremendous. Nowadays, the youth of the nation is much more focused towards starting their own business, this has given rise to a lot of new startups in the country.
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Explanation:
The scope of Entrepreneurship development in India is tremendous. The rising unemployment rate in India has resulted in growing frustration among youth. In addition there is always problem of underemployment. As a result, increasing the entrepreneurial activities in the country is the only solace.