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In what ways does entrepreneurial growth create employment opportunities?
They are many ways entrepreneurial growth creates employment. 1= Direct Job Creation: New businesses directly hire employees for administrative, technical, and operational roles, immediately reducing unemployment. 2= Indirect "Multiplier" Effect: Growth in one company creates demand for suppliers, dRead more
They are many ways entrepreneurial growth creates employment.
1= Direct Job Creation: New businesses directly hire employees for administrative, technical, and operational roles, immediately reducing unemployment.
2= Indirect “Multiplier” Effect: Growth in one company creates demand for suppliers, distributors, and service providers (e.g., accounting, legal, logistics), creating jobs in ancillary sectors.
3=Innovation and New Markets: Entrepreneurs introduce new technologies and products, creating entirely new job categories and industries that did not exist before.
4=Skill Development and Training: Startups often provide on-the-job training for unskilled or inexperienced workers, enhancing human capital and employability.
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