entrepreneur helps in creation of employment short answers
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Answer:
The Role of Entrepreneurship in Job Creation and Economic Growth
Margarita Hakobyan
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Entrepreneur, Creator, and Business Consultant
11/15/2016 10:46 AM ET
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Updated Nov 15, 2017
In the United States, small businesses are often called the backbone of the economy. Policies that encourage the growth of small businesses and the role of entrepreneurship in the market are considered to be healthy for the economy at large. What is the link between entrepreneurship and job creation?
For a capitalist economy to thrive, there must be competition, growth, and innovation. Successful entrepreneurs tend to be naturally competitive, think outside of the box, and see through many of the easy answers to see how an industry could benefit from a fresh take. When the SBA said in 2012, for example, that small businesses had created 64% of the new jobs in the previous decade, this is how they got it done.
Answer:
In the field of manufacturing, much has been made about how robotics has disrupted and continues to disrupt traditional manufacturing jobs. As these line jobs have been reduced, however, other fields have opened up to respond to alerts, program systems, and repair and maintain systems as they are used.
Netflix, for example, disrupted the video rental industry to the point that the neighborhood video store is basically a thing of the past. In its place, people stream movies and television to their TVs through a subscription service, occasionally get DVDs in the mail, or pick up a movie from a kiosk at the grocery store.