Compose a 1250 words essay on Entrepreneurship: How innovated and small bussiness affect economy. Needs to be plagiarism free!
So, one can say that increase in entrepreneurship has a positive influence upon the economic growth and vice versa.
But the real life situation is a complicated one. If there is increase in entrepreneurship there can be two options that can be present in economy either there are lesser job opportunities that people are shifting towards getting self-employed or there are important barriers that as a last resort people are creating their own job opportunities. In this scenario one can say that high levels of entrepreneurship can be observed when there are slow economic growth in the country or if there is lag in development opportunities.(Z.J. Acs, 2004 )