Chapter_1_Lecture one toddler hair_4.pptx

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1. Role of Entrepreneurship In Economic Development By Muhammad Ehtisham Jamil LECTUER #4 How entrepreneurs contribute to the economy

2. Entrepreneurship plays a vital role in the economic growth of a country. It leads to innovation, job creation, and overall development. INTRODUCTION

3. KEY CONTRIBUTION OF ENTREPRENURSHIP Job Creation Innovation Economic Growth Wealth Distribution Global Competitiveness

4. JOB CREATION Startups and businesses generate employment, reducing unemployment. Entrepreneurs establish new businesses, which require workers to operate. As these businesses grow, they create job opportunities for skilled and unskilled workers, reducing unemployment rates and improving livelihoods.

5. Example: A ride-hailing startup that created thousands of jobs for drivers and customer service representatives. APPLE

6. INNOVATION Entrepreneurs introduce new products, services, and technologies that transform industries. Entrepreneurs drive progress by developing innovative products and services that improve daily life, increase efficiency, and disrupt traditional industries. Technological advancements foster economic development and enhance productivity.

7. The launch of the iPhone revolutionized communication and led to the creation of an entire app-based economy. APPLE

8. ECONOMIC GROWTH Businesses contribute to GDP, tax revenue, and national income. Entrepreneurs boost economic activity by producing goods and services, increasing exports, and contributing to government tax revenue, which is used for infrastructure development, healthcare, and education.

9. Example: Transformed China’s e-commerce industry, contributing significantly to the country’s GDP. ALIBABA

10. WEALTH DISTRIBUTION Encourages fair economic opportunities and reduces income inequality. Entrepreneurship creates opportunities for people from diverse backgrounds to build businesses and improve their economic status. Microfinance, startups, and SMEs help distribute wealth more equitably.

11. Example: Provided microloans to low-income individuals, enabling them to start small businesses and improve their financial standing. AMAZON

12. GLOBAL COMPRTITIVNESS Strong entrepreneurial ecosystems make countries more competitive on a global scale. Nations with thriving entrepreneurial environments attract foreign investment, enhance their industrial output, and stay ahead in global markets. A strong startup ecosystem leads to technological leadership and economic dominance.

13. Example: Transformed from a developing nation into a global economic powerhouse due to its strong entrepreneurial and technological advancements. SAMSUNG

14. CASE STUDIES OF ENTREPRENEURIAL IMPACT USA PAKISTAN CHINA Startups like Careem and Bykea boost local economies.. E-commerce giant Alibaba transformed global trade. Tech giants like Apple and Microsoft revolutionized industries

15. CONCLUSION Entrepreneurs drive progress by creating jobs and wealth. Governments should support startups and small businesses for economic prosperity.

16. THANK YOU FOR YOUR ATTENTION PRESENTATION