BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive.

Detailed explanation-2: -Entrepreneurship Accelerates Economic Growth Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development.

Detailed explanation-3: -Entrepreneurship creates wealth for the country and also gives rise to many related businesses. The entrepreneurs drive change because of innovation as they develop new products and bring in new technologies that help the economy to grow as a whole.

Detailed explanation-4: -Entrepreneurs contribute to innovation and, more broadly, to competition and economic dynamism. In particular, the paper reveals data showing that opportunity-driven entrepreneurship is positively related to growth in developing economies where manufacturing is significant.

Detailed explanation-5: -Entrepreneurship, combined with support from venture capital, is a major force driving economic growth in the United States.