12. Analyse one benefit of entrepreneurship to your country’s economy. [3]

Ch 1 Enterprise
Rehan_Gill
Wealth Wizard
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Re: Analyse one benefit of entrepreneurship to your country’s economy. [3]

Post by Rehan_Gill »

[KN] Entrepreneurship increases job opportunities in your country.
[AN] As an entrepreneur starts a business he/she will need labor for the business. It will lead towards more people to be employed.
[AN+] As more people will be employed the unemployment rate will decrease in the country. It will benefit the country as there will
be more taxpayers.
IsmailMansur21
Wealth Wizard
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Re: Analyse one benefit of entrepreneurship to your country’s economy. [3]

Post by IsmailMansur21 »

[KN]: Entrepreneurship would help to create jobs as new employees would need to be hired in the business.
[AN]: This would reduce the unemployment rate of my country and more people would be able to achieve a higher living standard.
[AN+]: The GDP would increase and and the new businesses could also export the goods and services they produce. Therefore, increasing the balance of payments and helping economy move towards boom.
Hamna Zia
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Re: Analyse one benefit of entrepreneurship to your country’s economy. [3]

Post by Hamna Zia »

[KN]More job opportunities for capable and willing citizens.
[AN]This can reduce the unemployment rate of the country and will improve the living standards of the people.
[AN+]Since more people are now employed and are earning a stable amount of money, the rate of taxes given to the government will also increase, hence boosting the country's economy.
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