Why is there a rise in the need of entrepreneurship development?

For economic development

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For maximizing profit

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To survive in the market

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For maintaining a standard of living

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Solution

The correct option is A For economic development
As Joseph Schumpeter states that the rate of economic progress of a Nation depends upon its rate of innovation which in turn depends upon the distribution of entrepreneurial talent in the population. For economic development the Nation needs more and more innovations which in turn demands for entrepreneurial development.

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