Assertion: The spirit of Entrepreneurship can be by birth and can not be developed.
Reasoning: Traditionally, it was believed that entrepreneurs are born.
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Assertion (A) is not true but Reasoning (R) is correct.
Given its important role in the overall scheme of economic development, it is interesting to note that not many persons opt for a career in entrepreneurship. Traditionally, it was believed that entrepreneurs are born. No society can wait for the chance of ‘birth’ of entrepreneurs to pursue its developmental plans. Entrepreneurship is not a mysterious gift or charm and something that happens by chance! It is a systematic, step-by step and purposeful activity. It has certain temperamental, skill and other knowledge and competency requirements that can be acquired, learnt and developed, both by formal educational and vocational training as well as by observation and work experience. Such an understanding of the process of entrepreneurship is crucial for dispelling the myth that entrepreneurs are born rather than made