1.

Explain the importance of an entrepreneur and it's role in nation's growth.

Answer»
  • Entrepreneurship refers to the “pursuit of opportunity beyond resources controlled.”
  • Entrepreneurship has become increasingly socially conscious, taking stock of the impact of entrepreneurial activity on societal issues and tending to view the possibility of addressing those issues as an important function of entrepreneurship.
  • The impact of entrepreneurs on economic growth is overall positive, though it may be more mixed than its proponents realize with evidence pointing towards widely different results within different sectors of the economy.
  • The evidence of how effective socially-conscious innovations have been at solving the issues they tackle historically has been mixed.


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