12. Analyse one benefit of entrepreneurship to your country’s economy. [3]

[Sir Afzal Shad]

Q12. Analyse one benefit of entrepreneurship to your country’s economy. [3]

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Possible Structure:
[KN]
[AN]
[AN+]

[Shanze Arsalan]

KN: More Job oppurtunities for citizens
AN: When more people will have jobs the employment rate of citizens in the country will increase which wil leade to increase in creation of wealth and thus a higher GDP for the country
AN+: A high GDP generates greater tax revenue for the government. This revenue can be used to fund public services, infrastructure development, social programs, and investments in education and healthcare.In total increasing living of standards of people living in that country and thus development of that economy.

I had confusion in the last part and so took help from the net on further analysis

[zeemal rashid]

[KN] the flexibility of the entrepreneur
[AN] when the market demands change the entrepreneur knows how to reallocate the resources efficiently
[AN+] resulting in saving the business from facing any major loss or downfall

[Haasher Omar Khan]

[KN] Entrepreneurship promotes economical growth as they increse imployement
[AN] This will help stabilize the economical condition of the country.
[AN+] and the country GDP will increase

[usaid ashraf]

[KN] Entrepreneur creates job opportunities.
[AN] This will increase the wealth in the economy thus a higher GDP.
[AN+] A high GDP will increase government tax revenue therefore overall increase in country living standards.

[Minahil hamid]

One benefit of entrepreneurship is job creation enterprises generate job opportunities reducing unemployment by providing more rooms and choice to work thus job creations not only benefits individual's but also reduces the rate of unemployment which led to economic stability.

[Zubiah gull]

[KN]Any increase in output of goods or services from a start up buisness will increase the gross domestic product of the country.
[AN]if enough small businesses are created, economic growth will lead to increased living standards for the population.
[AN+] increased output and consumption will also result in higher tax revenues for the government.

[Hamnah Naz]

[AN] Setting up a new business enterprise may create employment in the economy. [AN] This means that in setting up a new business, the entrepreneur not only employs itself but also other people in the economy causing national level of unemployment to fall. [AN+] This may benefit the economy as more people are able to find jobs and generate income which is then spent of goods and services causing production to rise in the economy. As a result, the GDP in the economy may also rise inline with employment due to entrepreneurship in the country's economy.

[Shanze Arsalan]

KN: More Job oppurtunities for citizens
AN: When more people will have jobs the employment rate of citizens in the country will increase which wil leade to increase in creation of wealth and thus a higher GDP for the country
AN+: A high GDP generates greater tax revenue for the government. This revenue can be used to fund public services, infrastructure development, social programs, and investments in education and healthcare.In total increasing living of standards of people living in that country and thus development of that economy.

I had confusion in the last part and so took help from the net on further analysis

[Sudais Ahmed]

Kn: Entraprenureship boosts the economic growth by inovation in new products and technologies.
An: More entraprenures starting businesses leads to more job opportunities in the country and the level of unemployment will decrease.
An+: Due to more people working in the country the overall GDP will increase

[Haniya Abrar]

KN: Entrepreneurship will help the economy through creation of jobs
AN: Increase in employment levels will generate wealth
AN+: increased tax revenue generation that will improve economy

[Syed huzaifa shah]

(Kn) more variety of goods and services available.
(An) this increases competition in market and more products for consumers with best prices so this stimulates economic growth
(An+) good quality services to consumers increases living standards of the country.

[zainabsahar]

(Kn) Greater tax revenue
(An) the profits earned through entrepreneurship allows the government to incur a greater volume of tax money as the more entrepreneurs earn the more taxes are collected. These taxes can then be spent on the country eg on education.
(An+) this greater expenditure on education in turn creates opportunity for more success in the future for the country.

[Aleezay Naseem]

Kn: promotes economic growth and development in the country
An: provides access to goods and services, and improves the overall standard of living
An+ along with that entrepreneurs also develops the country by catering to under reserved areas improving the overall condition of the country

[Syed Ammar Ali]

[KN] Entrepreneurship will benefit country's economy as more jobs will be created
[AN] an increment in employment will improve standard of living of the country as more people are able to afford goods & services

[AN+] Leading to an increase in GDP of the country
OR
[An+] More entrepreneurship may lead to an increase in exports which will improve BOT & increase foreign exchange in the country