Question

Why we should choose entrepreneurship. How do entrepreneurs impact society and business development?

Thesis:

I need a thesis statement and provide me an outline for my argumentative essay. This is for my college assignment.

Answer 1

It is important to any economy. Entrepreneurship is the foundation for economies. The US economy has always been resilient because entrepreneurship forms its backbone. Take it away and you have stale economies where the population needs to move to succeed.

Entrepreneurship shakes up the status quo and allows a country to progress faster. Innovation is accelerated which attracts investors to these areas. More capital is invested which stimulates the economy.

In a developing economy the number of jobs created by existing businesses is far fewer than the number of new entrants in the work pool. Unless tackled, it is a recipe for disaster.

The only solution is to create more businesses that more employees. Large companies do not create most of the jobs. New businesses are the major creators of the new jobs.

In addition:

• the creation of new goods and services improves the quality of life of the populace.
• entrepreneurs acquire capital from investors or banks to build their business, which leads to wealth creation.
• industries and companies lead to the development of other services such as roads, public transportations, health, education, and entertainment. These benefit all citizens.
• entrepreneurship and the growth of new companies spreads the wealth and counters its concentration in a few hands.
• entrepreneurship leads to a multiplier effect in the economy.
• entrepreneurs promotes change and innovation.

Without entrepreneurial activity an economy stagnates and atrophies.

Over the past several decades the role of entrepreneurship in economic development has become an essential factor of employment, and innovations.