Role of society in entrepreneurship development
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New markets add wealth to the economy when entrepreneurs invest their own money to develop innovative products and services. ... An improving gross domestic product is an important goal for economic development because it means that each individual is becoming more productive and earning more money.
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Roles of entrepreneurship in the society
Key Takeaways. Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
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