The Role of Entrepreneurship in Economic Growth and Business Finance
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role of Entrepreneurship in Economic Growth and Business Finance
Entrepreneurship has a significant role in the economic growth of a country, and it is a vital aspect of business finance. Entrepreneurs play a critical role in creating new businesses, generating employment opportunities, and boosting economic growth. This essay discusses the importance of entrepreneurship in economic growth and how it is closely related to business finance.
Entrepreneurship is the process of creating, managing, and growing a business venture. Entrepreneurial activities involve identifying opportunities, taking risks, and organizing resources to create value. Entrepreneurship is essential to the economic growth of a country. Entrepreneurial activities create new businesses and jobs, which stimulate economic growth. The process of entrepreneurship also leads to innovation, which drives economic growth and improves the standard of living.
Entrepreneurship is crucial to economic growth because it promotes innovation. Entrepreneurs are driven by the desire to create something new and innovative. They are willing to take risks to bring new ideas to life. Innovation is essential to economic growth because it enables businesses to create new products and services, improve efficiency, and reduce costs. Innovation is also necessary to stay competitive in a global marketplace. Without innovation, businesses would stagnate, and economic growth would slow down.
Entrepreneurship also creates new jobs, which is essential to economic growth. New businesses require new employees, and entrepreneurship creates job opportunities for people who would otherwise be unemployed. Job creation is crucial to economic growth because it reduces unemployment, increases household income, and promotes consumer spending. Increased consumer spending, in turn, drives economic growth by stimulating demand for goods and services.
Entrepreneurship also encourages competition, which is vital to economic growth. Competition leads to innovation, efficiency, and productivity. Competition also drives down prices, which benefits consumers. Entrepreneurs are motivated by competition, and they strive to create better products and services at a lower cost. This competition leads to economic growth by driving innovation and increasing productivity.
Business finance is closely related to entrepreneurship because it provides the necessary capital to start and grow a business. Business finance includes the various sources of funding available to entrepreneurs, such as loans, grants, and venture capital. Entrepreneurs need access to capital to start and grow their businesses. Without access to capital, entrepreneurship would be difficult, if not impossible.
Business finance also plays a crucial role in the growth of a business. Businesses require capital to invest in new products and services, expand their operations, and hire new employees. Business finance provides the necessary capital to fund these activities. Without access to capital, businesses would be unable to grow, and economic growth would stagnate.
In conclusion, entrepreneurship plays a critical role in the economic growth of a country. Entrepreneurial activities lead to innovation, job creation, competition, and increased productivity. Business finance is closely related to entrepreneurship because it provides the necessary capital to start and grow a business. Entrepreneurs require access to capital to start and grow their businesses, and business finance provides the necessary funding. Without entrepreneurship and business finance, economic growth would be impossible.
The Role of Entrepreneurship in Economic Growth and Business Finance
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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