Entrepreneurs are essential to any economy’s development. This is why they have usually been considered as valuable assets for the economies of countries. However, Acomprehensive cycle revolves around producing successful entrepreneurs who can earn more money, create more jobs, improve financial conditions inside a country, and eventually stabilize the global economic situation.
Entrepreneurs can generate new business opportunities. More businesses mean more job opportunities. Successful entrepreneurs that deal with products and services require a workforce to effectively handle their operations. Furthermore, if a business is successful, more entrepreneurs are likely to plan to create new products and services in the same industry, paving the way for increased economic development.
Kamruzzaman Hasib
Student, North South University
