Business Studies, asked by jashRheaSawadi, 20 days ago

what do you think the benefits of entrepreneurship to yourself to your family and the economy of our country​

Answers

Answered by ZubairSarookh
1

Answer:

halla

Explanation:

Entrepreneurship is important for a number of reasons, from promoting social change to driving innovation. Entrepreneurs are frequently thought of as national assets to be cultivated, motivated, and remunerated to the greatest possible extent. In fact, some of the most developed nations such as the United States are world leaders due to their forward-thinking innovation, research, and entrepreneurial individuals.

Great entrepreneurs have the ability to change the way we live and work, on local and national bases. If successful, their innovations may improve standards of living, and in addition to creating wealth with entrepreneurial ventures, they also create jobs and contribute to a growing economy. The importance of entrepreneurship is not to be understated.

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.

Too much entrepreneurship (i.e., high self-employment) can be detrimental to economic development.

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