what is the impact of having entrepreneur in our community?
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When entrepreneurship creates jobs in the local community, it has a multiplier effect. Those who are employed by the business have money to buy goods and services. If these goods and services are provided in the local community, people will likely spend their money there and more jobs will be created.
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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.
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