How does an entrepreneur promotes economic prosperity of a country?

Question

How does an entrepreneur promote the economic prosperity of a country?

Topic	Entrepreneurship Skills
Type	Short answer type
Class	10

Answer 1

Entrepreneurs can bring about drastic changes in the very structure of the economy. They stand beyond challenges and make huge profits in every economic system. They are an important source of economic development. They create jobs, wealth, and capital in the country. They promote investment, increase production and bring competitiveness in business, reduce costs of products and raise the standard of living in society.

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Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10