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PLEASE NOTE. entrepreneurship is mis spelled in the question and I can not fix it! I tried. :(
entrepreneurship is important in economic growth because if the business is a success it can create new jobs which bring in more money to the economy, and when there is money brought in money is spent.
In the past a new business meant there would be work for other local businesses in the beginning phases, but with the competitive prices overseas many entrepreneurs are outsourcing these tasks to foreign countries. This enables them to keep startup costs as low as possible. This is not intended to be taken as a negative statement. I am addressing it because this is the reality of the times we are living in. *The work that is done overseas provides economic stimulation in that country.
However those that choose to do all their business locally stimulate the economy by using local services and once again putting money into their economy.
New business=jobs=money=spending=economic growth
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