Question

1.How has enterpreneurship contributed to economy?
2. How has enterpreneurship contributed to society ?​

Answer 1

Answer:

New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created. Additionally, the cascading effect of increased employment and higher earnings contribute to better national income in form of higher tax revenue and higher government spending.

Answer 2

Answer:

1. Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. ... Entrepreneurial activity raises the productivity of firms and economies.

2.New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created. Additionally, the cascading effect of increased employment and higher earnings contribute to better national income in form of higher tax revenue and higher government spending.

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