Entrepreneurship drives economic growth by creating jobs and producing goods and services in a market economy.
Entrepreneurship plays a crucial role in society by creating new jobs and driving economic growth. Entrepreneurs are the driving force in a market economy, as they hire workers, buy resources, and produce goods and services for consumers.
Competition among entrepreneurs ensures they remain honest and focused on serving customers to earn profits. In a free market economy, earning profits is directly tied to meeting the needs and demands of consumers.
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