Plac Entrepreneurship

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Recommended: Effect of unemployment

Unemployment is one of the main causes of poverty and economic downturns. The decrease of jobs forces citizens to work longer hours for low pay in harsh conditions. Job creation can be motivated through the free market economy, which allows the individuals to have freedom in creating jobs without government intervention, the growth of immense entrepreneurship will benefit unemployed citizens, and the scarcity of jobs in the free market compared to mixed & planned economies. Citizens will be left unsatisfied if the government controls production, distribution and job creations. The government’s role is to protect citizen’s rights, provide basic needs, advance military support and invest in building roads, bridges, housing etc. According to a poll taken …show more content…

Entrepreneurism will be an advantage to economies since competition in supply and demand is a way to meet consumer's needs which allows small businesses to account for 65% of all new jobs. Unemployed citizens will benefit considering that they would still have a chance to be working for an individual's business and earn enough money to support their families. The United States was ranked the first country to have a population with the most entrepreneurs. According to this ranking, United States does have a built out and a thriving economy because it’s a country that is running on the free market economy where government intervention is decreased in individual's businesses. The free market economy will not only benefit individuals but the government will also benefit. After all, entrepreneurs will produce businesses and employ citizens to work in their business, once citizens earn their pay they will be able to pay taxes, these taxes will go to the government that can be used to create more services, provide basic needs, health care, support societies and prevent

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