Entrepreneurs And Economic Growth

Entrepreneurs And Economic Growth

Entrepreneurs are an exceptional species. Entrepreneurs, mainly innovative entrepreneurs, are important to the effectiveness of the economy. Furthermore, businesses open doors for job openings which can help in economic growth.

What entrepreneurs can provide?

Businessmen speed up structural change. They do this by substituting established, sclerotic corporations.

Entrepreneurs enhance economic growth: Entrepreneurs do this by presenting products, services, and innovative technologies.

Increased competition from entrepreneurs dares to challenge existing corporations to become more competitive.

Businessmen offer new job opportunities for both short and long term.

Entrepreneurial activity increases the productivity of corporations and economies.