Business Studies, asked by pioquintokimberly3, 8 months ago

Why is entrepreneurship important in the development of socio economic development of society

Answers

Answered by Roshi06

Answer:

Expanding Exports. ... Conclusively, entrepreneurs play a very important role in a nation's development by starting new businesses, creating jobs, and contributing to development in various key areas such as GDP, exports, standard of living, skills development and community development.

Answered by shashwatrastogi30

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.

Explanation:

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