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 facilitate wealth distribution in society through:

1. Job Creation: Entrepreneurs establish new positions, thereby circulating income to individuals.
2. Economic Expansion: The inception of new enterprises by entrepreneurs bolsters the economy, fostering wealth creation.

Illustration: A local entrepreneur launches a modest enterprise, employing individuals and disbursing wages. This action aids in the redistribution of wealth.