How does an entrepreneur contribute to economic growth??

Question

How does an entrepreneur contribute to economic growth??

Answer 1

umm,hire people to work for you.

Answer 2

Takes out loans for buildings, merchandise and equipment which helps banks make interest money. Hires people who spend their money in the market, boosting other people's profits who in turn boost other people's profits. The banks loan demand account money (savings and checking) to other businesses for investment in their facilities. Entrepreneurs are the backbone of the American economy.