There are a variety of reasons why entrepreneurship is important, ranging from promoting social change to driving innovation. Most people consider entrepreneurs to be national assets who should be developed, motivated, and rewarded to the greatest extent possible. However, this is not always true. It is true that some of the most developed countries, such as the United States, are world leaders due to the innovative and entrepreneurial spirit of their citizens.
Exceptional entrepreneurs can transform the way we live and work on a local as well as international scale. If they are successful, their innovations may raise living standards, and in addition to generating wealth through entrepreneurial ventures, they may also create jobs and contribute to the growth of the economy as a result of their efforts.