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GDP (gross domestic product) grows anytime anyone spends money for any reason. So if an entrepreneur is providing goods and jobs to the economy and those people that they hire are in turn spending money in the economy this will help the Country's GDP grow.
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∙ 13y ago
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How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Why are entrepreneurs important in a free enterprise economy?
Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.
Who decides what is produced in a market economy?
Entrepreneurs
Why does the economy need entrepreneurs?
We need entrepreneurs because they innovate, provide products and services, and create jobs.
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Why are entrepreneurs important in a free enterprise economy?
Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.
Why does the government support entrepreneurs?
The government support entrepreneurs because they are valuable to the economy.
Who decides what is produced in a market economy?
Entrepreneurs
Why does the economy need entrepreneurs?
We need entrepreneurs because they innovate, provide products and services, and create jobs.
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
Why are entrepreneurs important to the U.s. economy?
they start the businesses.
Entrepreneurs have the most economic freedom in which type of economy?
capitalism
What type of economy would most commonly have entrepreneurs?
Capitalist.
How are entrepreneurs affected by global economy?
Entrepreneurs can benefit and also face new competition because of the global economy. Productive new companies now have a larger market in which to sell their products. This is the positive side of the situation. Just the same, now companies from the new global economy can compete with entrepreneurs on a world wide basis.
Why are entrepreneurs considered the driving force in an economy?
They start new businesses.
Is Belgium a mixed economy?
Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.
