Understanding the Market — Entrepreneurship STD 11 Commerce — Question

A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked “What are you doing here?” The worker answered, Don't you see? I am making out a living. I am working to earn.”
The young man moved towards the second man and asked him the same question.
Pat came the reply Don't you see? I am constructing a wall”.
The young man moved towards the third man & repeated the question.
The labourer replied Don't you see? I am building a beautiful mansion”.
All the three were doing the same work, then what differentiates them?

What is intuition?

What do you mean by Intellectual Property?

“The key to success in business is only inheritance”. Do you agree? Give reasons.

The traditional concept of market lays emphasis on two conditions. What are they?

What do you mean by free association?

The Government of India collects data related to population every 10 years. Which type of survey do they conduct?

What is the role of intuition in generating ideas?

Who is referred as the father of Green Revolution?

A company is bound to suffer if it does not promote 'intrapreneurship'. Give the consequences only that a company can face if it does not encourage intrapreneurship.