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: -They create economic value: By creating jobs, producing income, and nurturing an entire network of business partners-suppliers, shipping companies, lenders, and utility companies-social entrepreneurs contribute to the economic renewal of the region or country where they live and operate.

Detailed explanation-3: -An entrepreneur is an individual who creates and grows a business through their creative ideas. Entrepreneurs play key roles besides generating income as they grow their businesses. An entrepreneur identifies a commercial need in their community, crafts a business idea and takes the lead role to start their business.