Mention any 4 positive impacts of Entrepreneurship on the society.
Answers
Answered by
8
Answer:
- 10 Awesome Benefits of Becoming an Entrepreneur
- A flexible schedule. ...
- Autonomy. ...
- Creating a career that aligns with your values. ...
- Constant growth and development. ...
- Meeting like-minded people. ...
- Unexpected and thrilling experiences. ...
- Choosing who to work with. ...
- Greater self-confidence.
Explanation:
- New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
- Job creation, reduction in unemployment levels, increased competition, opening new markets, increasing productivity, foreign income generation and poverty alleviation are some of the positive impacts that entrepreneurs have on an economy.
Answered by
2
Answer:
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
job creation .
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