ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Keywords:
Entrepreneurship, EconomyAbstract
Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market. Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities. Entrepreneurship that fails results in losses and less prevalence in the markets for those involved. This paper reviews the role of entrepreneurship in the development of the economy.
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