Importance Of Entrepreneuriship

Husborn 1
Kenyanya Husborn
Professor James Omar.
UCU 105
25 May 2011.
The Contribution of entrepreneurship to issue Development
Entrepreneurship refers to the act or process of identifying a patronage opportunity and obtaining the necessary resources to initiate the success s of the business. (Mwalo 3).It has been sight to turn over a positive impact in the field development many nations all over the world. It is therefore Copernican to discuss the various ways in which it contributes to national development.

exercising Creation. People establish business in order to to take a leak employment for themselves as well as other people. Holt think that in this way they end up creating jobs for the rest of the nationals in the country (8). If the business grows over time past more employees are needed to run the business effectively collect to to the more service needed as it expands. This may then provide opportunities for the unemployed to secure themselves a job.

Stabilization of prices within the country as a result of increased performance of goods and run. When goods and services produced are less than what is actually indigenceed in the economic system it will lead to inflation in the economy. Some entrepreneurs have opened industries that produce different products due to the high demand for such goods in the economy.





The standards of living of the people in the economy can likewise be improved through the generation of income from the small businesses and hence people are able to commit some basic needs and other things essential for them.

Husborn 2
It also leads to increase in the consumer choice in the range of goods and services that are produced and sold in the market. The variety of goods provided can be chosen easily hence it also...If you want to get a full essay, order it on our website: Ordercustompaper.com



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