What is the impact of startups on the economy?
Startups play a crucial role in driving innovation, creating jobs, and stimulating economic growth.
Can you explain how they create jobs?
Startups often hire rapidly as they grow, contributing to job creation in various sectors and boosting local economies.
What about their role in innovation?
Startups are typically more agile and willing to take risks, leading to new products and services that can disrupt markets.
Are there any downsides to startups?
Yes, while they drive growth, startups can also lead to market volatility and may contribute to economic inequality if not managed well.
How can governments support startups?
Governments can support startups through funding, tax incentives, and creating a favorable regulatory environment.
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