Mention the importance of entrepreneurs in the following context. 6 Marks - Commercialising new ventures and products. - Offering challenging career options. - Reducing concentration of economic power.

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• Commercialising new ventures and products: Entrepreneurs shoulder the responsibility of the government by bearing the cost and risk of launching new venture, developing new products, commercialising technical inventions, adapting new technology and developing a new market.
• Offering challenging career options As compared to wage or salaried employment, entrepreneurship offers a challenging career option through its nature of being innovative. Entrepreneurship initiates with incubation of an idea, its execution by mobilising resources and reaches its final stage by marketing products or services manufactured through this process. This completes the execution of a task, offers satisfaction and status to an entrepreneur.
• Reducing concentration of economic power: In the absence of small and local entrepreneurs, economic power will remain concentrated in the hands of a few people. It will give rise to exploitation and manipulation. Thus, entrepreneurship is a very constructive way to prevent such anti-social elements.