Question

Write any two roles and functions of entrepreneurship.

Hint:

Entrepreneurs drive economic growth through innovation and risk-taking.

Answer 1

Two important roles and functions of entrepreneurship are:

Innovation: Entrepreneurs introduce new ideas, products, or services that meet market needs.
Risk-taking: They take financial and business risks to start and grow ventures.
Resource Management: Entrepreneurs organize and manage resources like labor, capital, and materials efficiently.
Employment Generation: They create jobs by establishing new businesses.