Question

8) How does an entrepreneur reduce the problem of inequality

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Answer 1

Answer:

Despite the variation, entrepreneurial activity can help to reduce income inequality by creating jobs at the local level. Entrepreneurial activity can be formal and informal.

Explanation:

Answer 2

An entrepreneur can reduce the problem of inequality by helping people.

Explanation:

• An entrepreneur is a person who finds creative solutions for the existing problems in society.
• An entrepreneur can also reduce the problem of inequality by distributing the resources in a completely different manner.
• An entrepreneur can provide goods and services to the discriminated people at lower prices to win their confidence and earn more profits.
• The ways by which an entrepreneur works are very creative and innovative and are not used by anybody else. Therefore they can solve the problem of inequality in society.