Answer: The answer is True.
The government promotes entrepreneurship because new products will stimulate the economy and create new jobs.
Explanation: Entrepreneurship refers to developing, managing and executing business ideas. It means setting up a business in order to make profit. It also refers to starting a business. It involves risk taking because there is no guarantee of favorable returns or making of profit at the beginning of the business. Entrepreneurship is of great importance to the society because it provides employment in the society thereby reducing unemployment.