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How do entrepreneurship and society move hand in hand? Class 10 Entrepreneurial Skills

 
Topic Entrepreneurial Skills (Employability Skills)
Type Short Answer Type
Class 10
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1 Answer

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Entrepreneurship and society move hand in hand in the following ways-

  1. Entrepreneurs have a positive relationship with society- They make profits through activities that benefit society. Eg- Some of them work towards saving the environment. Some of them give money to build schools and hospitals.
  2. Create JobsWith the growth of a business, entrepreneurs look for more people to help them. They buy more materials from people which increases their profit. They also hire more people to work with them. In this way, they create more jobs.
  3. Use Local Materials- They purchase raw materials locally available nearby.
  4. Fulfill customer needs- As their business is new they use their creativity to come up with a business idea that will meet that demand.

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