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Entrepreneurship is essential for the development of any economy. Entrepreneurship helps solve daily-life problems with the help of innovative products and services provided. For an economy to grow, either the labor market has to expand or capital intensity has to somehow increase. Economic growth brings positive effect on the social-economic sector, while development shows us how growth affects society by raising the standard of living. This is why countries worldwide adapt strategies, policies, programs to achieve higher rates of this economic indicator.