Question

What entepreneurship is important for growth in an economy? explain any three​

Answer 1

Answer:

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. ... Economy wise, higher earnings thanks to entrepreneurship can help boost national income and tax revenue.

Answer 2

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Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.