Mr. Anil always wanted to work for the development of the nation. In order to realize his dream he has now decided to become an entrepreneur as he believes that entrepreneur helps an individual in helping the nation by contributing to the Gross National Product. Do you think Mr. Anil’s opinion is correct?

Justify your answer.

Question

Mr. Anil always wanted to work for the development of the nation. In order to realize his dream he has now decided to become an entrepreneur as he believes that entrepreneur helps an individual in helping the nation by contributing to the Gross National Product. Do you think Mr. Anil’s opinion is correct?

Justify your answer.

Accepted Answer

Mr. Anil’s opinion is correct. Entrepreneurs help in increasing the Gross National Product in the following manner:

launches a new venture
develops a new product
commercializes his invention
develops a new market for himself
sell, export and import goods and services

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