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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.

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5d ago

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What is the contribution of entrepreneurship to the society?

Creation of employment opportunities Facilitates economic development Source of income


What are some examples of entrepreneurship in economics and how do they contribute to economic growth and innovation"?

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.


What are some examples of entrepreneurship resources available for aspiring business owners?

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.


What are some examples of successful entrepreneurship ventures that have had a significant impact on economics?

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.


Why entrepreneurship is so important to your society?

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.

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