Introduction
A few principles are essential to historians’ foundation of biblical worldviews. The order
that has been established by God, intellect, and honesty when it comes to the world and history.
The bible is full of stories that are put in place to help nourish us and guide us in our thought
about one another and our countries. The biblical principles teach a man to know and recognize
flesh and limitations. In life, we all strive to become successful men and women laboring, but it’s
all supposed to be for the glory of God. Our craft, artistry, fruits of labor, and sacrifices, if all
according to the will of God, will be rewarded through him.
Entrepreneurship
What is entrepreneurship? Entrepreneurship is the process of creating a new enterprise
and bearing any of its risks in the hope of profit. Entrepreneurship is so important because it can
determine how we live and work. If we are successful, our lives will improve. The influence of
entrepreneurship wealth is more potent than that of experience investment. The scripture Isaiah
42:5 “Creator of heavens who stretches them out, who spreads out the earth with all that springs
from it who gives breath to its people and life to those who walk on it.”1 Testimony indicates that
entrepreneurship capital plays a vital role in the creative role pattern. Entrepreneurship creates
new businesses and wealth from entrepreneurial endeavors and generates openings and the
environments for a flourishing society. Entrepreneurs add to national income.2 New and
improved offerings, products, or technologies from entrepreneurs enable new markets to be
established and create new wealth. The government can use high tax revenue and higher
spending to invest in other struggling sectors and human capital. The government can reduce the
hit by transmitting excessive wealth to retrain personnel. Entrepreneurs also create social change.
1. Isaiah 42:5 (NIV)
2. Baijal Rahul, 4 Reasons Why Entrepreneurship Is Important, (Irvine, California, 2016)
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John 1:14 say, “And he is not served by human hands, as if he needed anything. Rather, he gives
everyone life and breath and everything else.”3 Entrepreneurs break away from tradition through
their distinctive offerings of goods and services and indirectly support freedom by reducing
dependence on obsolete systems and technologies. This outcome improves the quality of life,
incredible determination, and economic freedom. Entrepreneurs invest in community projects
and provide financial support to local charities. Entrepreneur Bill Gates has used the money to
finance good foundations, from education to public wellbeing. The qualities that make up an
entrepreneur are the same attributes that motivate entrepreneurs to take it further.4
Free Market
The United States economy is a free-market economy which means that the economic
market is run by source and claim with some government regulation. Individuals who want fewer
government regulations argue that if you eliminate government restrictions, the free market will
force businesses to defend consumers, offer superior products or services, and generate
reasonably priced values for everyone. The government is believed to be inefficient and creates
nonentity but a big establishment that grows the rate of doing business for everyone. Regulation
is a law or rule intended to control the conduct of individuals to whom it pertains. There are
disadvantages claims to a free-market economic system. The atmosphere of survival of the fittest
is a competitive environment created. This causes numerous businesses to neglect the safety of
the overall public to surge the lowest mark. There is no financial steadiness because greed and
overproduction cause the low cost to have wild swings fluctuating from times of strong
development to terrible declines. Exodus 20: 17, “I am the Lord your God; you shall have no
3. John 1:14 (NIV)
4. Baijal Rahul, 4 Reasons Why Entrepreneurship Is Important, (Irvine, California, 2016)
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other Gods before me.”5 Wealth is spread correspondingly; a small percentage of society has the
wealth while most live in poverty—a couple of examples of successful men who operated
kingdoms. John D. Rockefeller became the most billionaire in the United States history. He was
the wealthiest man in the United States. He believes in the philosophy of giving, and it shall be
given unto you. He gave the nation cheap oil so that the poor could take care of their homes.
Andrew Carnegie became the best steel producer in the world. Through his innovation, he had
helped the improve the adopt the Bessemer process and the open-hearth process.
.
Conclusion
There is a subtle balance between an unfettered free market and a regulated budget. The
following is an example in which it appears that the United States has struck a good balance
between the two. After the Great Depression, the Federal Deposit Insurance Corporation (FDIC).
This was to ensure that the depositors will not lose their money even if the bank fails.”6
Free market economics is not perfect, but neither is an entirely structured economy. The
significance is to strike a balance between free markets and the number of government guidelines
required to defend people and the environment; when this balance is reached, public attention is
protected, and non-governmental business flourishes. Entrepreneurship will result in a definite
influence on wealth and society if we get knowledge of the benefits and drawbacks and a
balanced approach if nurtured.7
Bibliography
5. Exodus 20:17 (NIV)
6. Seabury Chris, The Cost of Free Market, (New York City, 2021)
7. Baijal Rahul, 4 Reasons Why Entrepreneurship Is Important, (Irvine, California, 2016)
4
Entrepreneur India. 2021. 4 Reason why Entrepreneurship is Important.
October 17. Accessed May 18, 2019.
https://www.entrepreneur.com/article.
Schwelkart, Larry, and Lynne Doti. 2009. American Entrepreneur. Lynchburg:
American Management Association.
https://libertyonline.vitalsource.com/books/9780814414125.
Seabury, Chris. 2021. The Cost of Free Markets. June 23. Accessed May 18,
2022. https://www.investopedia.com/articles/economics/08/free-
market-regulation.asp.
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