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What is Rural Entrepreneurship Video Lecture | CMAT Mock Test Series - CAT

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FAQs on What is Rural Entrepreneurship Video Lecture - CMAT Mock Test Series - CAT

1. What are the key characteristics of rural entrepreneurship?
Ans. Rural entrepreneurship is characterized by individuals starting businesses in rural areas, often to address local needs, utilizing local resources, and promoting economic development in rural communities.
2. How does rural entrepreneurship differ from urban entrepreneurship?
Ans. Rural entrepreneurship often involves smaller-scale businesses that cater to local markets, while urban entrepreneurship tends to focus on larger markets and may involve more diverse industries and sectors.
3. What challenges do rural entrepreneurs typically face?
Ans. Rural entrepreneurs often face challenges such as limited access to capital, infrastructure, and markets, as well as a lack of skilled labor and support services in rural areas.
4. How can government policies support rural entrepreneurship?
Ans. Government policies can support rural entrepreneurship by providing financial incentives, improving infrastructure, offering training and mentorship programs, and promoting access to markets for rural entrepreneurs.
5. What are some successful examples of rural entrepreneurship initiatives?
Ans. Successful examples of rural entrepreneurship initiatives include agricultural cooperatives, eco-tourism businesses, artisanal food producers, and online businesses that leverage digital technology to reach global markets from rural areas.
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