TABLE
OF CONTENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ø  How
entrepreneurs contribute to the economic development of a country and is this
considered entrepreneurs as an agent of change. Explain your answers in details
with right examples.

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Entrepreneurs contributes and has a high
straight impact towards the nation’s economy or the global economy or the
international economy based on what kind of the entrepreneurship is practicing or
who is the entrepreneur that is running the entrepreneurship and how big is his
influence towards the country market and economy. Economies such as China or
India keen on having liberalisation, industrialised economies. In these such
economies will open a wide gate with a high chances and opportunities for entrepreneurship
and entrepreneurs to contribute and play a major role on developing in these
countries, these economies will allow the entrepreneurs to establish the main
floor of the economy giving the chance for other entrepreneurs to compete and
come up with many advantages that eventually will benefit the economy and
country. Such as:

v  Innovation: individuals prefers to
choose entrepreneurship for the market slot available and the capability of the
entrepreneurs to benefit from this slot to make profit. And the reason for them
to choose this slot and direction is because they were unable for them to find
an employment with a suitable income, and this step will allow these
individuals to use their creativity that will eventually will lead to an
innovative ideas.

v  Job creation: as stated in the previous
point that the individuals prefer to become entrepreneurs because they were
unable to find a suitable employment. As a result of this action they take that
market slot available to generate an income for themselves but the outcome of
this will provide an opportunity of hiring more people to operate their business
enterprise.

v  Increased competition: this point is clear benefit
to the economy when the entrepreneurs level keeps on increasing to lead   

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