ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Add to unemployment reate
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introduce to products
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Create jobs
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Start businesses, create jobs, introduce to products, etc
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Detailed explanation-1: -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-2: -Entrepreneurship Drives Innovation Growth in productivity raises the material well-being for a society, improves standards of living, and is the primary source of long-term economic prosperity.
Detailed explanation-3: -3. Functions of Entrepreneurship. The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.
Detailed explanation-4: -Entrepreneurs provide a large number of employment opportunities to the people to manage their business activities. They generate direct as well as indirect employment to the unemployed persons by setting up more and more units of production at small-and large-scale levels.