economic development and entrepreneurship

Economic development refers to a deliberate effort aimed at improving the overall economic health and well-being of a specific region or society. It involves various strategies and policies to increase productivity, create jobs, enhance living standards, and foster sustainable growth. Entrepreneurship, on the other hand, is the process of identifying opportunities, taking calculated risks, and organizing resources to start and manage a business venture. It involves the development and implementation of innovative ideas, products, or services with the aim of generating profit and contributing to economic growth.

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