Which of the following is a benefit of entrepreneurship for government revenue?

Entrepreneurship plays a crucial role in driving economic growth, and one of the key benefits for government revenue is the potential for increased taxes from successful businesses. When new businesses are established and thrive, they contribute to the economy by generating income, which in turn leads to higher tax revenues for the government. This can occur through various forms of taxation, including corporation tax, value-added tax (VAT), and income tax from employees who are now gainfully employed.

As new enterprises emerge, they create jobs and stimulate consumer spending, which can lead to a more vibrant economy. A robust economy typically results in a broader tax base, enabling governments to fund public services and infrastructure. Thus, increased taxes from successful entrepreneurship directly support government revenue, enabling investments in education, healthcare, and other essential services that benefit society as a whole.