Entrepreneurship and its Impact on Economy, Wealth Creation, Employment, Regional Growth, GDP, Trades, Community and Technology

This presentation discusses the impact of entrepreneurship on various aspects such as economy, wealth creation, employment, regional growth, GDP, trades, community and technology. It also highlights the importance of entrepreneurship in boosting per capita production, controlling changes in business activities, and enhancing people's skills.

ENTREPRENEURSHIP

ENTREPRENEURSHIP
 Method that emphasizes on
a.) planning
b.) establishing a new business
idea
 ownership.
 Holders are considered as
“entrepreneurs”.

ENTREPRENEURSHIP IN RELATION TO GROWTH
OF ECONOMY
 Boosted per capita production.
 Controlled the changes in the business
Activities.
 Boosted modernization.
 Improved national output.
 Enhanced people skills.
 Basis of earning
(Parker, 2018).

ENTREPRENEURSHIP AFFECTED THE WEALTH
CREATION AND ALLOCATION
 Entrepreneurs have their personal funds
 Maintain funds from different sources .
 Sources can be:
a.) depositors
b.) creditors
c.) community.
 Maintain public health

ENTREPRENEURSHIP AFFECTED THE WEALTH
CREATION AND ALLOCATION
 Combined funds which boosted growth.
 Appropriate sharing.
 Control aspects related to
1. principles
2. GDP
3. Income value

ENTREPRENEURSHIP BOOSTED EMPLOYMENT
OPENINGS
 Industrialists can be known as
a.) employment makers
b.)offer work
c.)financial growth
d.)boosted relation with international
organizations .
e.)Boosted the living standard
(Kuratko, 2016).

ENTREPRENEURSHIP BOOSTED EMPLOYMENT
OPENINGS
Boosted the
earning methods..
Enhanced skills.
Given earning
source to :
a.) less qualification
individuals

ENTREPRENEURSHIP FOCUSED ON GROWTH RELATED
TO REGIONAL
Situated in under developed areas.
Substructure developments
a.) improved street
b.) rail connection
c.) resource source
d.)universities.

ENTREPRENEURSHIP FOCUSED ON GROWTH
RELATED TO REGIONAL
 Growth in
a.) aerodromes
b.) constant electricity
c.) infirmaries
d.) shopping mall
 Joint expenditure of workers.
 Improvement in monetary productivity
(Prieger et al., 2016).

ENTREPRENEURSHIP FOCUSED ON GROWTH RELATED
TO REGIONAL
 Increased sources
 Improved alertness.
 Advanced area.
 Raised county
financial prudence.

ENTREPRENEURSHIP FOCUSED ON GDP AND
PER CAPITA RETURNS
 Improved occupations with
growth in nation’s GDP.
 Improved assets
a.) employment
b.)wealth
c.) property
.

ENTREPRENEURSHIP FOCUSED ON GDP AND PER
CAPITA RETURNS
 Improved spending of
people.
 Increased service
ratio.
 Improved strategic
thinking.
 Modification of
products.

ENTREPRENEURSHIP IN RELATION TO TRADES
 Improved trades.
 Boosted link on international
Platform.
 Increased dealings.
 Contact to retailers.
 Maintained local areas
(Kirzner, 2015).

ENTREPRENEURSHIP IN RELATION TO TRADES
 Funds boosted.
 Development in
technologies.
 Connection on
international platform.
 Maintained business
source.

ENTREPRENEURSHIP MAINTAINED COMMUNITY
GROWTH
 Boosted the need of community.
 Growth in
a.) substructure
Learning
d.) facilities of health care
e.) community facilities
(Dees, 2017).

ENTREPRENEURSHIP MAINTAINED COMMUNITY
GROWTH
 Improved skills of people in
1. Companies
2. Higher institutions
3. Training concepts.
4. Communication
5. Interaction
6. Maintained relations

ENTREPRENEURSHIP BOOSTED PEOPLE LIVING
PATTERN
 Financial growth .
 Altered thinking.
 Strategy of innovation.
 Updated software .
 Maintained infrastructure
 Easy life structure

ENTREPRENEURSHIP BOOSTED PEOPLE LIVING
PATTERN
 Development in life standards.
a.) workers
b.) consumers
c.) investors.
Instance:
Provide less cost products .

ENTREPRENEURSHIP MAINTAINED VARIATION IN
THE SOCIETY
 Minimized job loss.
 Boosted thinking
pattern.
 Individuals share their
thoughts.
 Maintained living
pattern.

ENTREPRENEURSHIP ENHANCED THE USE OF
LATEST TECHNOLOGY
 Updated software.
 Latest concept .
 Boosted earning.
 Simplified things.
 Maintained living.

ENTREPRENEURSHIP ENHANCED THE USE OF LATEST
TECHNOLOGY
 Easy interaction
 Control the operations of
companies
 enhanced chances .
 Latest software's
 Boosted skills

REFERENCES
 Dees, J.G., 2017. 1 The Meaning of Social Entrepreneurship.
In Case Studies in Social Entrepreneurship and
Sustainability(pp. 34-42). Routledge.
 Kirzner, I.M., 2015. Competition and entrepreneurship.
University of Chicago press.
 Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and
practice. Cengage Learning.
 Prieger, J.E., Bampoky, C., Blanco, L.R. and Liu, A., 2016.
Economic growth and the optimal level of
entrepreneurship. World Development, 82, pp.95-109.
 Parker, S.C., 2018. The economics of entrepreneurship.
Cambridge University Press.