Question 4 of 18beginner🧠 RememberVery Short1 mark

Give any two characteristics of entrepreneurship development.

Correct Answer

Two characteristics of entrepreneurship are:

  1. Systematic Activity: Entrepreneurship is a systematic, step-by-step and purposeful activity. It is not a mysterious gift that happens by chance. The skills and competencies required for entrepreneurship can be acquired and developed through formal education, vocational training, observation and work experience.

  2. Lawful and Purposeful Activity: The object of entrepreneurship is lawful business. The purpose of entrepreneurship is creation of value for personal profit and social gain.

Exercise: EXERCISES - Very Short Answer Questions | Q: 5 | (Page 16)
For More Understanding

Explanation

The question asks for any two characteristics of entrepreneurship. From the textbook context, three main characteristics are mentioned: (i) Systematic Activity, (ii) Lawful and Purposeful Activity, and (iii) Innovation. For a 1-mark very short answer question, the student needs to provide any two characteristics with brief descriptions. The answer should be concise and directly drawn from the textbook content.

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