Short Answer Questions · Q3
Q.MSME and Entrepreneurship are connected. Do you agree? Give two reasons.
Tripura TbseTextbookSubjective· 2mImportance★★★★★est
40% · 8/20 Questions
✓ Free question
Yes — MSMEs are the natural ground on which entrepreneurship grows, and entrepreneurship in turn is what creates and sustains MSMEs.
Yes, MSME and entrepreneurship are closely connected. Two reasons:
- MSMEs give ample opportunity for entrepreneurship — Because they need only little capital and almost no formalities, they let a person turn latent skills and talents into a business idea. The MSME sector widens the country's entrepreneurial base and nurtures grass-roots innovation, so it is where new entrepreneurs are born (as in the 'Romi Bags' story, where a small idea grew into an award-winning enterprise).
- Entrepreneurship is what builds and runs MSMEs — An enterprise is the creation of an entrepreneur. Entrepreneurship supplies self-employment, then generates further employment and professional opportunity, combining land, labour, capital and technology into productive small units. This is why promoting MSMEs is treated as an instrument of entrepreneurship development and inclusive growth.
✓Final answer
Yes — MSMEs offer easy scope for entrepreneurship (little capital, few formalities), and entrepreneurship is precisely what creates, runs and sustains MSMEs, driving self-employment, jobs and value creation.
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.