Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses.
Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
Too much entrepreneurship (i.e., high self-employment) can be detrimental to economic development.
Answers & Comments
Answer:
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses.
Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
Too much entrepreneurship (i.e., high self-employment) can be detrimental to economic development.
Explanation:
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