ENTREPRENEURSHIP

Detailed explanation-1: -Drives economic growth and creates new job. Encourages innovation by bringing new ideas, products, and services to the market. Contributes to social change by developing products or services that reduce people’s dependence on outdated technologies.

Detailed explanation-2: -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-3: -In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities.

Detailed explanation-4: -The most important role is played by the market and marketing is key to the growth of entrepreneurship. No entrepreneur can survive without a thorough and updated knowledge about market and techniques.

Detailed explanation-5: -According to entrepreneurs, three factors are most important for enabling a company’s growth: access to markets, the supply of human capital (i.e. people with the right skills for the job) and access to funding.