The entrepreneur is someone who is creative an innovative and involves himself with the economic growth of the society, and tries to find solutions to the problems faced by the general public producing goods and services that can meet the need of the people. Entrepreneurship is important because it Spurs the growth and development of any society given it the direction that it deserves.
There are many reasons why entrepreneurship is important. For one, entrepreneurship creates jobs. It has been estimated that for every new business that is created, approximately six new jobs are created as well. This is important because it helps to reduce unemployment and underemployment.
In addition, entrepreneurship is important because it helps to stimulate economic growth. When new businesses are created, they often times create new products or services which can lead to increased economic activity and growth. Lastly, entrepreneurship is important because it can help to improve the standard of living for a society as a whole. When new businesses are created, they often lead to new innovations and higher quality products and services which can help to improve the overall standard of living for everyone.
Why is entrepreneurship an important component of economic development:
- Entrepreneurship increase economic growth and development
- Entrepreneurship brings innovation
- Entrepreneurship encourage social activities
- Entrepreneurship brings about research and development for the economy
- Entrepreneurship gives support to existing and new entrepreneurs
- Entrepreneurship increase small and medium enterprises.
ENTREPRENEURSHIP increase economic growth and development:
Entreprenuership brings innovation:
Entreprenuership encourage social activities:
Entreprenuership brings about research development:
Entreprenuership give support to new ideas:
Entreprenuership increase small and medium enterprises:
Why entrepreneurship is important for students:
- Entrepreneurship increase students innovation and creativity
- Enterprenuership provide jobs for students
- Entrepreneurship create community development for students
- Entrepreneurship encourage economic inclusion
- It increase human resources development.
Entreprenuership increase students innovation and creativity:
Entreprenuership provide jobs for the students:
Entreprenuership encourage social inclusion:
Entreprenuership develop human resources:
Why are entrepreneurs are important and regard as the engine of economic growth:
- Entrepreneurs contribute to national income growth
- They incresae the labour force of the economy
- Reduces unemployment
- Entrepreneurs contribute to the to revenue of the nation
- Entrepreneurs are agent of reducing economic depression.