Question

How entrepreneur helps in sharing of wealth? Explain with example.

Hint:

Entrepreneurs promote inclusive growth by creating opportunities and sharing profits through wages.

Answer 1

Entrepreneurs contribute to the sharing of wealth in society by:

1. Generating Employment: Entrepreneurs create jobs, distributing income among individuals.
2. Economic Growth: By starting new businesses, entrepreneurs contribute to the economy, leading to wealth generation.

Example: A local entrepreneur starts a small business and hires workers, providing them with salaries. This helps in wealth redistribution.