Practice Entrepreneur - 1.2.4 | 1. The Productive Mechanism | ICSE 10 Economics
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Entrepreneur

1.2.4 - Entrepreneur

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Practice Questions

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Question 1 Easy

What is the main role of an entrepreneur?

💡 Hint: Think about the different resources involved in production.

Question 2 Easy

Name one reward that an entrepreneur receives.

💡 Hint: Consider what happens when a business earns more than it spends.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What does an entrepreneur do?

Combines land
labor
and capital
Only manages a business
Creates policies

💡 Hint: Think about the definition of an entrepreneur.

Question 2

An entrepreneur is not responsible for innovation. True or False?

True
False

💡 Hint: Reflect on what entrepreneurs do besides managing the business.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Design a business model for a startup company. What resources will you combine, what risks might you face, and how will you innovate?

💡 Hint: Consider both internal and external factors that can influence your business.

Challenge 2 Hard

In a real-world scenario, compare the entrepreneurial approaches of two different industry leaders. What successes or failures did they experience based on their risk-taking?

💡 Hint: Focus on how each entrepreneur managed their resources and handled challenges.

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