2.4.5 - Improvement in Living Standards
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Practice Questions
Test your understanding with targeted questions
What is one way entrepreneurs improve living standards?
💡 Hint: Think about how starting a new business affects employment.
Define 'innovation' in simple terms.
💡 Hint: Consider how new technology fits into this definition.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a primary way entrepreneurs improve living standards?
💡 Hint: Consider what happens when new firms open.
True or False: Entrepreneurship has no effect on community development.
💡 Hint: Think about the investments entrepreneurs make.
1 more question available
Challenge Problems
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Evaluate the long-term effects of entrepreneurship on a developing community.
💡 Hint: Consider social, economic, and infrastructural improvements.
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.
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