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according to the kauffman foundation, what would happen to a society if it didn’t have entrepreneurs and new companies?

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Tundexi

Kauffman foundation asserts that a society will not exist if it didn’t have entrepreneurs and new companies.

Who is an entrepreneurs?

This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea usually entails  a new product or service rather than an existing business model.

The Kauffman Foundation sees an entrepreneurs as an entity that does three things that includes birth the new, create jobs, and create new net wealth in society.

However, the foundation asserted that a society will not exist if it didn’t have entrepreneurs and new companies.

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