Why Entrepreneurship Is Important In The Modern World?

Why Entrepreneurship Is Important In The Modern World?

1 Answer

  1. Entrepreneurship is considered important in the modern world for the following reasons:
    1. Job creation: When entrepreneurs come up with new business ventures, new employment opportunities are generated. Generation of new employment opportunities is important for the growth of individuals in any country.
    2. Inspire social development: Successful entrepreneurship ventures inspire social development. They invest in growing natural resources. They spend part of their income for social causes.
    3. Leads to economic development: Entrepreneurship is a source of income for the government. New business come up with new products and services which elevates the the demand for goods and services in the market.
    4. Individual growth: Being an entrepreneur enables you to think creatively and come up with innovative solutions for problems. This leads to individual growth.

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