Explain any three sources which lead to the emergence of basic ideas.

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answered Oct 10, 2024 by PawanThaware (78.6k points)
selected Nov 5, 2024 by NidhiUpadhyay

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The various sources which lead to the emergence of basic ideas.

Problems: When a problem exists, an idea leads to a solution to resolve that problem, emerges as a business opportunity.
Change: A change in social, legal, technological aspects etc. leads to new opportunities to start a business,
Inventions: New products or services leads to new business opportunities.
Competition: Competition often results in emergence of new and better ideas that result in new business opportunities.
Innovation: Creating new things of value as well as new and creative processes that add value to the existing products or services. For example, computers to tablets.