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Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.
Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:
- a)Contribution to GDP
- b)Generation of employment
- c)Capital formation
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Direction: Read the given text and answer the questions that follow: ...
- Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.
- Entrepreneurial attitudes are found to stimulate GDP per capita in high-income countries, while entrepreneurial activity is found to have a negative effect in middle/low-income economies.
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Direction: Read the given text and answer the questions that follow: ...
Sagar's Contribution to the Economy:
Sagar Bagada, as a successful entrepreneur, has made significant contributions to the economy. These contributions can be categorized into the following key areas:
1. Contribution to GDP:
Sagar's enterprise, "Swaad Food Industries," operates in the food and beverages processing sector. By establishing this enterprise, Sagar has contributed to the overall Gross Domestic Product (GDP) of the country. The GDP is a measure of the total value of goods and services produced within a country's borders in a specific period. As Sagar's enterprise produces food and beverages, it adds to the overall GDP of the food industry.
2. Generation of Employment:
By setting up his own enterprise, Sagar has created employment opportunities for the local population. The enterprise operates in the rural area of Mitrapura in Rajasthan, where there is easy availability of labor at lower costs. The decision to opt for a labor-intensive technique has further increased employment opportunities. The employment generated by Sagar's enterprise not only reduces unemployment but also improves the standard of living for the local community.
3. Capital Formation:
Capital formation refers to the accumulation of physical and financial assets within an economy. Sagar's decision to establish "Swaad Food Industries" required capital investment. This investment contributes to the overall capital formation in the economy. The establishment of a food and beverages processing plant involves the purchase of machinery, equipment, and infrastructure, which in turn contributes to the growth of the capital market.
4. All of the above:
In conclusion, Sagar Bagada's contribution to the economy encompasses all of the above-mentioned factors. His enterprise's operations contribute to the GDP by adding value to the food industry. The generation of employment provides livelihood opportunities to the local population. Additionally, the capital investment made by Sagar contributes to the overall capital formation in the economy. Collectively, these contributions positively impact the economic growth and development of the country.
Sagar Bagada, as a successful entrepreneur, has made significant contributions to the economy. These contributions can be categorized into the following key areas:
1. Contribution to GDP:
Sagar's enterprise, "Swaad Food Industries," operates in the food and beverages processing sector. By establishing this enterprise, Sagar has contributed to the overall Gross Domestic Product (GDP) of the country. The GDP is a measure of the total value of goods and services produced within a country's borders in a specific period. As Sagar's enterprise produces food and beverages, it adds to the overall GDP of the food industry.
2. Generation of Employment:
By setting up his own enterprise, Sagar has created employment opportunities for the local population. The enterprise operates in the rural area of Mitrapura in Rajasthan, where there is easy availability of labor at lower costs. The decision to opt for a labor-intensive technique has further increased employment opportunities. The employment generated by Sagar's enterprise not only reduces unemployment but also improves the standard of living for the local community.
3. Capital Formation:
Capital formation refers to the accumulation of physical and financial assets within an economy. Sagar's decision to establish "Swaad Food Industries" required capital investment. This investment contributes to the overall capital formation in the economy. The establishment of a food and beverages processing plant involves the purchase of machinery, equipment, and infrastructure, which in turn contributes to the growth of the capital market.
4. All of the above:
In conclusion, Sagar Bagada's contribution to the economy encompasses all of the above-mentioned factors. His enterprise's operations contribute to the GDP by adding value to the food industry. The generation of employment provides livelihood opportunities to the local population. Additionally, the capital investment made by Sagar contributes to the overall capital formation in the economy. Collectively, these contributions positively impact the economic growth and development of the country.
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Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Direction: Read the given text and answer the questions that follow: Sensing the business opportunities in Food industry, Sagar Bagada after completing his graduation in Agriculture engineering, decided to open his own enterprise. His dream turned into reality when his enterprise, “Swaad Food Industries” set up its food and beverages processing plant in ‘Mitrapura’’, one of the rural area of Rajasthan, under Start-up India Scheme launched on 16th January, 2016. The enterprise opted for labour intensive technique, due to easy availability of labour at lower cost. Within no time,he came in the list of successful entrepreneurs.Q. As a successful entrepreneur, identify Sagar ’s contribution to the economy is:a)Contribution to GDPb)Generation of employmentc)Capital formationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
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