Many people believe entrepreneurs are a vital part of any healthy market economy. Entrepreneurs help our economy by creating new jobs and new products. If there were no entrepreneurs, the economy would not progress. Everything would stay the same and we would not have much economic growth.
Entrepreneurs are people who take risks to make new things or do things in new ways. Entrepreneurs come up with new goods or services they think people will want. They then, in essence, bet their own money on their new ideas. When their ideas pan out, they can be extremely important in our economy.
Perhaps the most famous example of entrepreneurship could be the two men who founded Apple Computers. These men, Steve Jobs and Steve Wozniak, came up with the idea of personal computers at a time when no one had computers in their homes. At the time, some offices had computers, but they were difficult to use because people had to learn arcane keyboard commands to make the computers do anything. Jobs and Wozniak developed the idea of a personal computer with a graphic user interface (the interface where we use a mouse or a pad to move a cursor around and click to open programs we want or need to use) and bet their own money on that idea. Eventually, their bet paid off spectacularly, transformed our lives, and led to the creation of many new kinds of jobs.
Of course, there are many entrepreneurs at any given time. These include all the individuals in any town who start their own business, hoping to make money and be their own bosses. Taken as a group, these people provide large numbers of jobs for members of our communities. Even though the vast majority of these entrepreneurs will never become as rich or famous as Steve Jobs, Mark Zuckerberg, or the creators of Google, they still help make our economy go by creating the jobs we need for all the people in our labor force.
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