The nature and importance of entrepreneurship

In an approximately 700-word response, address the following issues/questions: • Evaluate the contribution that entrepreneurship makes to the economic development and growth of economies. • Critically analyse the role of government in developing entrepreneurship. • In formulating your Key Concept Exercise, consider the following questions: o What role, if any, should government play in developing an enterprising culture within its country? o What is meant by ‘value-adding activities’? o How can activities be distinguished between those that are value adding and those that are not?