ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Creates new jobs
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reduces taxes
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eliminates financial concerns
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decreases economic growth
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Detailed explanation-1: -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.
Detailed explanation-2: -Communities reap the benefit of entrepreneurship because businesses help to foster innovation, promote economic development, and create jobs. A successful company is likely to expand, which generates taxes, jobs, and other benefits for the area.
Detailed explanation-3: -It can boost the economy, improve living conditions and reduce dependence on government. Social entrepreneurs apply their innovative instincts to important societal issues. They build profitable businesses that deal with hunger, education, health problems and financial literacy.
Detailed explanation-4: -Freedom to work. Flexibility in schedule. Getting to learn new things everyday. Financial independence. Boosts self confidence. Provides opportunities for self growth and development. Generating wealth for self as well as business. More items