Why is Fostering Entrepreneurship Important?

Entrepreneurship is a vital driving force for job creation and economic growth. The benefits however are not just economic. Entrepreneurship also plays a role in the attainment of an individual’s goals and the realisation of social objectives.

Entrepreneurship leads to the setting up of SMEs. It is organisations this size that make up the vast majority of European businesses. Their size is also attributed with giving these companies the flexibility to react quickly to economic downturns thus making the economy more resilient to market turbulence which could be instrumental in weathering a crisis.

by David Casa

Full Story: http://www.independent.com.mt/news.asp?newsitemid=130394