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Entrepreneurs drive economic growth by creating new businesses, which generate jobs and stimulate innovation. They identify gaps in the market and develop products or services to meet consumer needs, fostering competition and efficiency. Additionally, entrepreneurs contribute to the economy by investing in their communities and paying taxes, which support public services and infrastructure. Overall, their activities enhance productivity and can lead to increased wealth and improved standards of living.
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What is the role of entrepreneurship in a country's economy?
drug dealers are "entrepreneurs" , just think about that
How do entrepreneurs play and important role in Australia's economy?
because there starting there own business...
How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Role of entrepreneurship in economic growth in the Philippines?
The contribution of entrepreneurship in the Philippines economy is impressive. There is a high demand for entrepreneurs in the Philippines. There were over 830,000 entrepreneurs in the Philippines in 2011.
What role does entrepreneurship play in the economy?
In the U.S economy entrepreneurs are businessmen; they create employment, pay taxes, most often than not they start something new in the market, which stimulates the economy.
What is the role of entrepreneurship in a country's economy?
drug dealers are "entrepreneurs" , just think about that
How do entrepreneurs play and important role in Australia's economy?
because there starting there own business...
How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Role of entrepreneurship in economic growth in the Philippines?
The contribution of entrepreneurship in the Philippines economy is impressive. There is a high demand for entrepreneurs in the Philippines. There were over 830,000 entrepreneurs in the Philippines in 2011.
What are the major contribution of entrepreneurs for today economic recession?
Entrepreneurs play an increasing role in the keeping the economy stable. They are small on an individual basis, but they have an additive effect when considered in aggregate.
What role does entrepreneurship play in the economy?
In the U.S economy entrepreneurs are businessmen; they create employment, pay taxes, most often than not they start something new in the market, which stimulates the economy.
What is the significance of entrepreneurs to the economy and why are they important for driving innovation and economic growth?
Entrepreneurs play a crucial role in the economy by creating new businesses, products, and services. They drive innovation by introducing new ideas and technologies, which can lead to economic growth and job creation. Entrepreneurs are important because they take risks, invest in new ventures, and contribute to the overall dynamism and competitiveness of the economy.
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
