Practice Improvement in Living Standards - 2.4.5 | 2. Entrepreneurship | ICSE Class 11 Business Studies
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2.4.5 - Improvement in Living Standards

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is one way entrepreneurs improve living standards?

💡 Hint: Think about how starting a new business affects employment.

Question 2

Easy

Define 'innovation' in simple terms.

💡 Hint: Consider how new technology fits into this definition.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is a primary way entrepreneurs improve living standards?

  • Creating jobs
  • Increasing taxes
  • Reducing competition

💡 Hint: Consider what happens when new firms open.

Question 2

True or False: Entrepreneurship has no effect on community development.

  • True
  • False

💡 Hint: Think about the investments entrepreneurs make.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the long-term effects of entrepreneurship on a developing community.

💡 Hint: Consider social, economic, and infrastructural improvements.

Question 2

Propose a business idea and explain how it could specifically improve living standards in a low-income area.

💡 Hint: Think about the services needed by the community.

Challenge and get performance evaluation