Explain the impact of entrepreneurship on the individual, the family and the local community

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12-10-2022
Business

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Explain the impact of entrepreneurship on the individual, the family and the local community

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KhiradAfaq KhiradAfaq · Answer 1 · 2022-10-15T05:32:03-04:00

The impact of entrepreneurship on the individual, the family and the local community is mentioned below.

Describe the effects of entrepreneurship on the person, the family, and the neighborhood.

By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Long-term and short-term job prospects are both created by entrepreneurs.

What effect does entrepreneurship have on the neighborhood?

Describe the effects of entrepreneurship on the person, the family, and the neighborhood.

By creating new products and services, they promote new employment, which eventually speeds up economic growth. Therefore, it makes sense to view public policy that encourages entrepreneurship as essential to the advancement of the economy.

Thus Economic Growth is Accelerated by Entrepreneurship.

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Explain the impact of entrepreneurship on the individual, the family and the local community​

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Explain the impact of entrepreneurship on the individual, the family and the local community