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Entrepreneurship significantly impacts communities by driving economic growth, creating jobs, and fostering innovation. It stimulates local economies by increasing competition and improving services and products. Entrepreneurs often address specific community needs, contributing to social change and improving quality of life. Additionally, successful businesses can generate tax revenue, which supports local infrastructure and public services.

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What are the Micro and macro factors in entrepreneurship?

Micro entrepreneurship involves a very small business and close personal involvement on the part of the entrepreneur. Macro entrepreneurship involves larger businesses that seek to make an impact in the industry.


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.


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

Some examples of successful entrepreneurship ventures that have had a significant impact on the field of economics include Amazon, Apple, and Google. These companies have revolutionized industries, created new markets, and generated substantial economic growth through their innovative products and services.


What is the qualities of entrepreneurship?

what is the qualities of entrepreneurship


How does entrepreneurship help in the economic development of a country?

The most important way entrepreneurship helps the economic development of a country is by creating jobs. People who are working have to spend money to live. Therefore the money is recycled back into the community and in turn, through taxes, the country.

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