Discussion
Psychological approach of entrepreneurship deals with :
Answer: C
The psychological approach deals with the achievement motive.
Psychological theories of entrepreneurship explain it by personal traits. The best known is David McClelland's theory of the need for achievement: people with high n-Ach seek challenging goals, personal responsibility and feedback, and are the ones likely to become entrepreneurs.
The profit motive belongs to economic theories of entrepreneurship, and status is stressed by sociological theories. 'Performance motive' is not the term used in these theories.
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