when entrepreneurs develop new products, other companies also experience growth because they

might be manufacturing the new product, producing components for it, or providing services around it. For example, a company that makes computers might find increased sales from their production of components for a new smartphone product, while another company that provides delivery services might experience growth from shipping the new product. In this way, when entrepreneurs develop new products, other companies can experience significant economic growth.

are likely to need new materials, equipment, and services to bring their products to market Yes, this is true. Other companies may benefit from an entrepreneur's development of a new product since the entrepreneur will likely need to purchase materials, equipment, and services in order to bring the product to market. This increased demand can provide additional business opportunities for companies that make or supply these goods or services. Furthermore, if the new product is successful, it could create growth opportunities for related businesses in the form of increased sales or customer base.