ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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reduce competition.
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pay taxes.
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limit job growth.
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charge interest.2.
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Detailed explanation-1: -Small businesses generate revenue that converts to local taxes feeding the local economy to create a better business within your community. This means your school districts, police forces and other small businesses and organizations will create a support system and reap the benefits of each others’ hard work.
Detailed explanation-2: -Small businesses fuel economic growth by increasing job opportunities and raising employment rates. The U.S. government often favors small businesses with incentives, tax cuts, grants, and good access to funding to help keep them competitive.
Detailed explanation-3: -Entrepreneurship Accelerates Economic Growth By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth.
Detailed explanation-4: -They bring jobs and revenue to the local economies by offering jobs, local products, paying sales and property tax, and using local vendors and supporting services.
Detailed explanation-5: -They create job opportunities. They get more money circulating in the local economy. They keep taxes close to home. They build community identity. They’re involved with the community. They innovate and diversify the local marketplace. They’re better for the environment. Conclusion. 11-Sept-2020