Task 1 1Direction: Write TRUE if the statement is correct and write FALSE ifthe ...

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October 2022 1 1 Report

Task 1 1
Direction: Write TRUE if the statement is correct and write FALSE if
the statement is incorrect. Write your answers on your
notebook.
1. Business plays an important role in economy.
2. Lifestyles of society depend on the status of economy.
3. Selling is not a form entrepreneurship.
4. Entrepreneur is the owner of the business.
5. Problems of economy are nature as natural.

Answers & Comments

angelstelladeldacan

Answer:

1. True

2. False

3. False

4. True

5. False

Explanation:

Hope it helps :))

03tuallayanyan 1. False ( ENTREPRENEURSHIP plays a vital role in economic development)

03tuallayanyan 2. True (The process of creation is called “entrepreneurship”. Entrepreneurship is a process of actions of an entrepreneur who is a person always in search of something new and exploits such ideas into gainful opportunities by accepting the risk and uncertainty with the enterprise.

03tuallayanyan 2. True

03tuallayanyan (Economics is important for many areas of society. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider most important.)

03tuallayanyan I'm very sorry but I accicentally pasted the incorrect explanation in the first number 2

03tuallayanyan 3. False

03tuallayanyan (Selling is part of business. You earn through selling and that's part of entrepreneurship)

03tuallayanyan 4. True (An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. )

03tuallayanyan 5. True (All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited.)

03tuallayanyan #CarryOnLearning

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