Entrepreneurial Importance

[triptimishra]

Entrepreneurial importance is required as it plays a key role in the growth of the country.
Whenever an entrepreneurial starts a business he requires some or lot of man power to accomplish the job required.
In order to take care of that he hires lot of people.
Therefore, it creates lot of job opportunity providing wealth to the people employed. Whenever a new business is setup, it definitely comes up with some values of innovation ultimately providing better products in the market. This creates competition in the market and reduces any kind of monopoly keeping the price of the products down or in control at least.
Hence entrepreneurship helps in economic growth of the country.
A new business always tends to collaborate with other businesses providing them strength ultimately helping in the growth of the country and people living in it.

Please provide your thoughts on this topic in the form of comments.

Thanks!
Tripti

[vangogh]

I agree. Entrepreneurs and small businesses are generally good for economic growth. Countries should want to help support entrepreneurs as it helps support the economy of the country.