Page 94 - Data Science class 10
P. 94
• Do I have a backup plan in case of a failure?
• What all will be at stake?
Activity 2
Answer the following questions:
1. What are the myths/misconceptions about entrepreneurship?
2. Write the roles of an entrepreneur.
3. What do you mean by the employment generation role of an entrepreneur?
4. Explain the term "Entrepreneurs are born not made".
Recap
• An entrepreneur is a person who makes his own business in an innovative manner and bears all the risk in the hope of
gaining much profit and contributing to the economy of the country.
• In the market, people buy products and services created by an entrepreneur.
• Entrepreneur use their creativity to come up with a new business idea that will fulfill the changing demands of the customers.
• Entrepreneurs take risks in terms of time and money. They put their dreams into action so they need to be optimistic to
see the success of their dreams.
• An entrepreneur uses his knowledge, experience and gathered information to convert his dream into an innovative venture.
• Entrepreneurs generate employment for both skilled and unskilled labourers by setting up large and small-scale businesses.
• An entrepreneur does the maximum utilisation of resources for the production and management of his business which
plays an important role in the development of any country.
• It is not always a new idea that makes you an entrepreneur. You can take an existing idea and make your own business out
of it.
Solved Exercise
SECTION A (Objective Type Questions)
A. Tick ( ) the correct option.
1. Which of the following is the reason of success of an entrepreneur?
a. Hard work b. Good money
c. Good degree d. Smartness
2. Which one of the following is a place where the production of a product is controlled by the demand and supply of a
product?
a. Free market b. Efficient market
c. New market d. None of the above
3. Which of the following social problems are handled by social entrepreneurs?
a. Poor quality education b. Unemployment
c. Child labour d. All of these
92 Touchpad Data Science-X

