Register
Out line four roles played by entrepreneurs in Kenya​
405,367 views
18 votes
18 votes
Out line four roles played by entrepreneurs in Kenya​

User Meghann
by
3.3k points

1 Answer

13 votes
13 votes

Answer:

The roles of entrepreneurs in Kenya are:

  1. Looking out for and spotting opportunities in the market
  2. Creating jobs
  3. Increasing the Internally Generated Revenue of Kenya
  4. Development of Infrastructure

Step-by-step explanation:

  • Entrepreneurs know how to spot changes and patterns in business trends. When the market begins to tilt in a particular direction, entrepreneurs are quick to spot and take advantage of such. Many times, they even think of the demand before the market knows it to exist.
  • Job creation is one of the reasons why SMEs are invaluable to any economy. Kenya inclusive.
  • When a business does well, where it is located, this translates to increased revenue for the government. There are two main channels via which the government can make money from businesses:

A. Company Income Tax

B. Taxes paid to the government by employees working in such establishments.

Countries that are business savvy run an environment that is enabling for entrepreneurs whilst providing tax incentives for top talent. Hence attracting more revenue to their coffers.

  • Because governments need businesses to thrive, they provide every amenity that is necessary for businesses and their staff to be comfortable in such environments. This way, entrepreneurs indirectly influence the development of infrastructure.

Cheers

User Dotwin
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15,000. Several months later in the same year after the gift, a $500 dividend
Link Copied!