How do entrepreneurs contribute towards the economic development in the country?

A.VERIFIED ANSWERfact-checked by tutors

Countries having more entrepreneurs are more advanced than the countries having fewer entrepreneurs. Entrepreneurs contribute to the economy by generating employment opportunities which in turn harness the available human resource.

Suggested Q&A

GENERAL · CLASS 11

GeneralCLASS 11
Why an entrepreneur is referred as a change agent?
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Is the concept of entrepreneurship confined to big business enterprises and economic institutions only?
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Mention three qualities of an entrepreneur as stated by Peter Drucker.
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How Adam Smith defined an entrepreneur?
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Name the economist known for the various theories on the principles of economics.
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How entrepreneurship helps in harnessing youth vigour?