How does entrepreneurship affect the economy?


More to the point, how does Trump?

Entrepreneurship and small businesses are like the blood of a country's economy.

1. Entrepreneurs pay taxes - income to budget.

2. Entrepreneurs generate jobs. There is a world statistic of jobs generated by entrepreneurs (according to GEM annual report):
38.6% - USA
21% - Asia and Oceania
18.5% - Europe
18% - Latin America
17% - Africa

3. Entrepreneurs actively participate in developing industries and sectors, and bring innovations:
over 50% - retail/wholesale
50% -  information and communications, financial, professional and other services
over 8% - manufacturing
about 8% - information and communication technology

4. For big companies, some small businesses and entrepreneurs are important partners and suppliers. uses cookies. By continuing to browse the site you are agreeing to our cookies policy. Learn more Ok