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.

Detailed explanation-2: -The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work.

Detailed explanation-3: -Contributes towards research and development system is not the importance of an entrepreneur. Explanation: An entrepreneur ‘provides employment to the people’, ‘creates wealth for the nation ‘ and ‘provides self sufficiency’.

Detailed explanation-4: -Yes, anyone can be an entrepreneur, but not everybody is going to have the same level of success. Entrepreneurship takes a lot of experience, determination and sometimes education. There are no prerequisites to becoming an entrepreneur, though, and there are successful entrepreneurs from every demographic.