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Which elements are important for Economic Development of a country including Australia?

There are 4 critical elements:

1. Innovation
2. Entrepreneurs
3. Companies
4. Jobs

Entrepreneurship is key in terms of creating job opportunities.

So who really are Entrepreneurs?

Entrepreneurs are innovators. They have good observations specially the buying trends of people and the products/services they are looking for.
The entrepreneurs look for gaps in the market and try to innovate and build a company.
As these innovative companies grow they hire people and create jobs.


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