Question

State with reasons whether you agree or not.

An entrepreneur plays a dominant role in economic development of a country.

Answer 1

Yes, we agree with the statement. An entrepreneur plays a dominant role in the economic development of a country. He is a person who runs a business of his own and undertakes activities that keeps the economy going. He contributes majorly to the increase in GDP, national income, capital formation and employment generation of an economy through his abilities to work, innovate, and vision. This in turn leads to the economic development of a country.