Why is entrepreneurship so important to our economy?
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It helps create more jobs, both ways.\n\nIt also helps increase market and customer base.
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business and econmoics is always a good choice for anyone... Even if you dont' end up starting your own business, you learn things most normal people should no anyways, and will always be helpful in life.\n\nYou gotta be willing to deal with theories and rules, and a little bit of numbers.
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Excellent question.\n\nGreed weakens the economy.\n\nPeople need to work together, appreciate one another for what they are worth.  That is the right way to get rich.
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The government can control the economy, providing stability and a sense of certainty that would lead to a rise in economic activity. The economy can then sustain a steady growth
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A good economy supports business, and make transactions faster as they go faster we all win!\n\nBanks are willing to loan money more easily, so that new businesses will develop.\n\nAs more businesses develop, more people will be employed, as more people are employed, more will have money for discretionary spending, which means more business.\n\nWhich means more money available to purchase more goods, which means that everyone wins.\n\nAs more people have money, due to an improved economy people will feel better...\n\nIt is when things like high gas prices, hurt business, or high interest rates.  Then the cost of business is higher, and people will hold on to their money longer.  Banks charge more for loans because they are being charged more.\n\nSpending slows down...people are laid-off.  Unemployment becomes a problem.  People cannot make house payments, so banks foreclose on them.\n\nInventories are stagnant because nobody can afford anything.
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If you want to be an entrepreneur, you should have an unflinching spirit, be creative, talented and have a good “feel” for business, \nEntrepreneurs are tough people who regard problems as challenges, and who delight in finding solutions to seemingly impossible problems. Wise entrepreneurs acknowledge their weaknesses and try to correct them. They often surround themselves with people whose strong points complement their weaknesses.
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There could be many reasons, each unique to the government and the locality.\n\nThe government might want to stimulate overall business growth by "seeding" particular industries.  Look at "silicon valleys" and all the other nearby businesses that start up when they do.\n\nThe government might be responding to demands by a particular industry.\n\nThe government might be interested in urban renewal of a particular area, and is encouraging this by giving a financial incentive to businesses to locate there.
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-opportunity for new business (and small business)\n-creates culture for new creative ideas, inventions, services, etc\n-health care for those who would have gone w/o\n-better schools
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sounds like someone has an economics exam coming up. \nProbably has something to do with employment rates and consumerism.   the ability of the population to keep the economy rolling, by having positive cash flow.
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It definitely helps but there are resources you can look into...\n\nResearch, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:\n\n* Free Money for Small Businesses and Entrepreneurs by Laurie Blum\n* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish\n* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy\n\nThere are plenty of free informational resources out there. Check the source box for links to sites & articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
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It provides for more economic growth due to the incentives provided to the people.  Many have abandoned socialism because it cause the nation to stagnate.  In a socialist society, there is no incentive to create anything.  Creating a new service/product will not benefit you.  It a capitalist society, you will benefit for inventing a new service/product.  There is more incentive to creat something new or improve something.
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In getting in touch with the drivers that push a person to being self-employed, one realises, as research says (Brockhaus-1982), that the impetus comes from risk disposition, a sense of self-worth and the need to self-determine. The realisation that a job would rob one of a feeling of fullness allows an entrepreneur to stray into the world of creating an enterprise. \n\nAs an entrepreneur authors the enterprise, he quickly realises that he cannot be separated from it, like `the dancer from the dance' (Carland -1988), the two being meshed, and this becomes self-limiting. \n\nSmall-scale entrepreneurs, particularly the technocrat, the self-styled businessmen and small-scale manufacturer, symbolise the `craftsman' (Smith -1967), narrow in education and training, low in social awareness and certain limitedness in dealing with the environment. This however, does not take away from them an `internal focus' that superscribes their character. They are a bundle of conflicts - `men of action and ideas' (Schumpeter - 1931) - with a desire to take responsibility for their decisions, the desire to own their business as it offers economic freedom, a reliance on self, a willingness to accept challenges and a need to be their own boss. \n\nAgainst this is often high anxiety and poor organisation bordering on self-destruction at times. In many ways `an enigma' to many. \n\nWhen they start they do so with a lot of pride, with a sense of hope and a surging need to build and leave a legacy. But in a society characterised by traditional values they experience status deterioration and leading to psycho-social disequilibrium and a situation of depletion of self-esteem. \n\nAnger and anxiety contribute to a state of `retreatism'
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"To create the conditions for business success and help the UK respond to the challenge of globalisation."\n\nSuccessful businesses mean more tax revenues  :-)
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it depends on what business you're discussing.\n\nselling arms - they buy a lot\nselling baby diapers - they couldn't care less\n\npro - the money you pump into their economy can raise the standard of living of the populace to the point that they begin desiring more than material wealth, they also desire intellectual, political and religious freedom.\n\ncon - the money you pump into their economy can increase the capabilities of the government to supress any dissident faction, both directly by giving them more material resources and indirectly because they can say, "hey, aren't you better off now thanks to our leadership?"
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The ability to excel where others plod on. Successful enterpreneurs should be able to see an opportunity and exploit it. They should know when to stop when something is not working, how to get the best from people, and always have a mentor who is proven to guide them who they trust.\n\nWe don't give up at the first problem.
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An entrepreneur is someone who owns his own business and entrepreneurship is the defenition of what an entrepreneur is \n\nmore details go to dictionary.com
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Because it provides an incentive-based economy where anyone can succeed.  The wealth pie is unlimited.  Many people think that wealth is finite and that the rich take from the poor, or some crazy idea like that.  That is lunacy.\n\nAnyone who is driven and has a great idea for a product that people want to buy, can be successful and possibly a millionaire.  Anyone.  \n\nPeople forget that nothing is handed to you and you need to work hard for a good life and look for ways to constantly try to raise yourself up.\n\nCapitalism is the greatest system ever created.  Greed is man-made and has nothing to do with capitalism itself.  That is the fault of the participants in a capitalistic economy.  Capitalism is why immigrants are crashing the borders of America.  Ever think about that?