why are entrepreneurs called'agents of progress' for a nation? what role do they play in the nation's development
Answers
Answer:
Entrepreneurs are called the agents of progress for a nation as they innovate new goods and services , provide employment and hence increase GDP (Gross Domestic Product).
They play an important role in the nation's development. They raise the standard of living of the society by providing good quality products and services at the lowest possible cost and they also help in efficient utilisation of scarce resources of the society.
Hope this answer will help you..........
Here are some more questions from the chapter:
1. "Entrepreneurs, in their drive and pursuit to create something new ,at times, results in causing major loss to the nation's natural resources." Shouldn't they be discouraged? Justify giving reasons for your answers.
https://brainly.in/question/18056730
2. Starting a venture is not a easy task. A series of activities needs to be planned and undertaken to create an Enterprise. Discuss them briefly.
https://brainly.in/question/18056764
Answer:
above answer is correct