Entrepreneurship stimulates economic growth by creating jobs and fostering innovation, which can lead to increased productivity and competitiveness. It also encourages the development of new products and services that meet societal needs, improving overall quality of life. Additionally, entrepreneurs often contribute to community development through local investments and philanthropic efforts, enhancing social cohesion and support systems. Overall, entrepreneurship drives change and progress within society, shaping its future.
Creation of employment opportunities Facilitates economic development Source of income
Entrepreneurship in economics refers to individuals starting and running businesses. Examples include creating a new product, service, or technology. These ventures contribute to economic growth by creating jobs, generating income, and driving innovation.
Some examples of entrepreneurship resources for aspiring business owners include business incubators, accelerators, small business development centers, online courses, mentorship programs, networking events, and funding opportunities such as grants and loans.
Some examples of successful entrepreneurship ventures that have had a significant impact on economics include companies like Amazon, Apple, and Google. These companies have revolutionized industries, created jobs, and generated substantial wealth, contributing to economic growth and innovation.
Entrepreneurship is important beacause they organise, coordinate and manage all the other factors of production-land labour and capital, they take risk in aim of making a profit which is vital for a developing economy.
all society are beneficial especially the consumers.
Helping society can be the main contribution of entrepreneurship. A successful entrepreneur can help the society in following ways by donating, starting a charitable institution,sponsoring a child for higher education etc .
==> chemistry affects society: Pheromone attracts opposite sex to each other.
example of backward linkages
it divides society into segments
lucky singh is king
It affects society in every reason
Creation of employment opportunities Facilitates economic development Source of income
PCP affects the society by it being sold, and
it affects society becaese people can die
what are negative and positive impacts of entrepreneurship in society on:youth, health
Entrepreneurship in economics refers to individuals starting and running businesses. Examples include creating a new product, service, or technology. These ventures contribute to economic growth by creating jobs, generating income, and driving innovation.