importance of entrepreneurship to the wealth of an economy

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importance of entrepreneurship to the wealth of an economy
Explain the major Importance of Entepreneurship To the wealth Of an economy?


In general wealth can be defined as the tangible or intangible thing that makes a person or family or group better off. And in economics it defines as a total of all assets of an economic unit that generate current income or have the potential to generate future income. Wealth comes from entrepreneurship. Every organization needs entrepreneurship. Wealth is such a thing that is always required by all the organization. Wealth helps in creating profit. And if the profit is good then the company will be successful in the long run. Entrepreneurship can take the responsibility in a proper way so that enterprise cannot face problems. So entrepreneurship is very important in the wealth of an economy.
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