111k views
21 votes
What is entrepreneurship and how does it impact a country’s economy?

User Chris Lear
by
7.1k points

1 Answer

9 votes

Answer: Entrepreneurs enable new markets to be developed and new wealth to be created.

Explanation:

New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.

User Absulit
by
6.9k points