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How does entrepreneurship contribute to economic development?

Answer and explanation

Correct answer: By creating new businesses, jobs, and income

Entrepreneurship contributes to economic development when people create ventures that produce goods or services, employ workers, generate income, and meet market needs. New businesses can also encourage innovation, competition, and the use of local resources. Option C is correct because it identifies the central positive outcomes. Stopping production, increasing unemployment, or destroying resources would weaken rather than develop the economy.

Related tags

Economic DevelopmentJobsIncomeNew BusinessIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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