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What is the contribution of entrepreneurship in our economy?

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Expert Spoken English & IELTS Trainer

Once Mr.Vinod Khosla (Co-founder of Sun Micro systems) said, there are about 500 million rich people in this world and about 5 billion people who wants to become rich like these top 500 million rich people, but if we look at the numbers closely, it doesn't sum up right. We do not have enough resources...
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Once Mr.Vinod Khosla (Co-founder of Sun Micro systems) said, there are about 500 million rich people in this world and about 5 billion people who wants to become rich like these top 500 million rich people, but if we look at the numbers closely, it doesn't sum up right. We do not have enough resources like money, jobs etc to make these 5 billion people rich like these 500 million people. But if there is a problem, there has to be a solution and Entrepreneurship is the only solution. An entrepreneur invents his own future. He creates jobs for others and helps others achieve their dreams as well. Hence, entrepreneurship bridges the gap between the rich and the wannabe rich people. I believe that explains the paramount contributions of entrepreneurship in our economy. read less
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Transformation Life Coach, Executive Coach & NLP (Neuro Linguistic Programming) Expert

If you want to see the contribution of entrepreneurs in our economy, then remember Dhirubhai Ambani, Ratan Tata etc.
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Definitely it boosts economy.
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Trainer

Entrepreneurship defines our economy. It creates brand value for the products of our country and also provides employment. Tatas, Birlas etc. are a good example of visionary entrepreneurs who's organisations have outlived them.
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Multi Talented entrepreneur, with experience in teaching subjects, career counselling and badminton.

A lot. Infosys was founded long time back by first generation entrepreneurs and now employs lakhs of people
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Entrepreneur,Trainer & Mentor

Entrepreneurship is about changes in the way of doing business, innovation of new products,services etc. You can't have growth without it. On the other hand, classic economic theory is all about the steady state equilibrium under given conditions and there is no good way to bridge the gap. And...
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Entrepreneurship is about changes in the way of doing business, innovation of new products,services etc. You can't have growth without it. On the other hand, classic economic theory is all about the steady state equilibrium under given conditions and there is no good way to bridge the gap. And even when economists started looking at growth as a topic for research, they include entrepreneurship as a factor for the growth of the economy the other factors include regulations or ease of doing business read less
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Leadership Programme for youth, A Step towards Successful LIFE

Entrepreneur are the building block of economy, they can help to boost the economic systems, eradicate unemployment and many more benefits.
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Holistic Life Coach, Behaviour Analyst, Therapist

The same as spark to fire
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Supporter, Connector, Enabler, Problem Solver, Creator - Learning Frame, Business Consultant

Entrepreneurship is about ones ability to alter dimensions not just of oneself but about taking responsibility to do in lot many areas of an economy / opportunity - clients, employees, vendors, market place and lot many areas. That's why one man's vision can alter lot many ways a country or market...
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Entrepreneurship is about ones ability to alter dimensions not just of oneself but about taking responsibility to do in lot many areas of an economy / opportunity - clients, employees, vendors, market place and lot many areas. That's why one man's vision can alter lot many ways a country or market place. In Modern times, with emerging technologies it adds multiple dimensions and opportunities. A lot more can happen over an entrepreneurial chat ..... read less
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Leadership Training, NLP Trainer, Personality Development, soft skills, Communication Trainer, Motivational Speaker

Remembering Dhirubhai Ambani and Jamshedji Tata, Ratan Tata we can understand how an entrepreneur can contribute in the economy of the nation.
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