web analytics

Importance Of Entrepreneurship In Society

#businesses    #job    #workers    #creates    #destroy    Entrepreneurship creates jobs – new and young businesses, not small businesses, are the engine of net job creation in the economy. In fact, outside of new and young firms, small businesses as a whole are net job destroyers – some create jobs, while others destroy them, but overall the second effect is larger. Put differently, small businesses as a whole are disguised as net job creators simply because young businesses tend to be small. As businesses and workers become more efficient, costs fall, profits and incomes rise, demand expands, and economic growth and job creation accelerate.

Read More