ACTIVITY 1.

Answer this question

1. What are some of the ways entrepreneurship promotes a nation's economic health?

Answer:

1)The creation of new jobs

This is the most way that entrepreneurs promotes a nation's economic health to help the economy due to
the creation of new jobs because unemployment is a very chronic problem of underdeveloped nations. In
this way, entrepreneurs play an effective role in reducing the problem of unemployment in the country
which in turn clears the path towards economic development of the nation.

2)Innovation, Research, and Development

By the innovation, research, and development can boost the economy by introducing innovative
technologies, products, and services. Increased competition from entrepreneurs challenges existing firms
to become more competitive.

3)Providing new products

Both a new business and the wealth the owner can obtain will help boost the economy by providing new
products as the spending power created for the entrepreneur.