ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -One of the benefits of innovation in business is the increase in productivity of individuals, processes, and business models, among others. Simply put, innovation presents new ideas to business leaders to increase efficiency with minimum resources. Furthermore, reducing business and other risks.

Detailed explanation-3: -Innovation is the process of creating something new. Entrepreneurship identifies the opportunities in great innovations and creates opportunity, adds value, and keeps the value improving over a period of time.

Detailed explanation-4: -An entrepreneur management plan establishes how the entrepreneur will balance their personal risk with their role within the company. Learning how to balance personal risks can help entrepreneurs better prepare for unexpected issues.