Question

Entrepreneur assists in

• A. Poverty alleviation
• B. Economic development
• C. Capital formation
• D. All of these

Hint:

Entrepreneurs = Agents of social and economic transformation.

Answer 1

The Correct Option is D

Step 1: Role of entrepreneurs in society.
Entrepreneurs play a major role in improving the economic and social conditions of a country.
Step 2: Areas of contribution.
- Poverty alleviation: By generating jobs and income opportunities.
- Economic development: By promoting industrialisation and innovation.
- Capital formation: By mobilising savings and investments into productive use.
Step 3: Option analysis.
- (A) Poverty alleviation: Correct but only one aspect.
- (B) Economic development: Correct but incomplete.
- (C) Capital formation: Correct but not sufficient alone.
- (D) All of these: Correct, entrepreneurs contribute in all areas.
Step 4: Conclusion.
Entrepreneurs assist in poverty reduction, economic growth, and capital formation.