Entrepreneurship drives prosperity from "summary" of Capitalism and Freedom by Milton Friedman
One of the fundamental principles of a free market economy is the role of entrepreneurship in driving prosperity. Entrepreneurs play a crucial role in creating wealth and fostering economic growth through innovation, competition, and risk-taking. By identifying opportunities, taking risks, and organizing resources in new and more productive ways, entrepreneurs drive economic progress and improve living standards for society as a whole. Entrepreneurship is the engine of economic development, as it leads to the creation of new businesses, products, and services that meet the changing needs and desires of consumers. By introducing new ideas, products, and processes, entrepreneurs stimulate competition and encourage other firms to innovate and improve in order to remain competitive. This process of creative destruction helps to drive economic growth and increase overall prosperity in society. Entrepreneurs are also important dr...
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