Q.1 How has entrepreneurship contributed to society?

Entrepreneurs contributes for society and play an important role for the society. In this topic, we will see that How has entrepreneurship contributed to society by the help of some points that is given below –

1. Entrepreneurship creates jobs -: An entrepreneur is a job creator, not a job seeker.
2. Entrepreneurship Helps Raise the Standard of Living -: Entrepreneurs helps the raise standard of society. Entrepreneurs create and motivate society to raise their living standards with employability.
3. Successful Entrepreneurs as Role models. generate more Entrepreneurship -: Successful Entrepreneurs as role models for the youth generations and this is the process to generate more new entrepreneurs indirectly.
4. Community Development -: Community development means – Entrepreneurs invest his/her money in community works and the contribution of his/her money in the development of schools, Colleges, hospitals, etc.

Q.2 How has entrepreneurship contributed to the economy?

Entrepreneurs and their entrepreneurship contributes for the country’s economy and they are also responsible to enhance the economy of a country, state, district, or city. In this section, we are going to see that How has entrepreneurship contributed to the economy.

1. Entrepreneurship Creates wealth -: Most Entrepreneurs invest his/her money for a startup a business and entrepreneurial ventures and also attract funds from investors and lenders
2. Contribute to the growth of the overall economy by stimulating the growth of related businesses -: Entrepreneurs invest or contribute their money for related or associated businesses that associated with the entrepreneur’s own business.
3. Regional Development -: Most Entrepreneurs invest their money for startups and the growth of their businesses in the rural areas. This is the best technique for the development of rural societies or backward societies.
4. GDP and Per Capita income -: Entrepreneurs and their important commercial advice is the part of 37% of the Country’s GDP and plays an important role in the growth of per capita income.

Q.3 How does entrepreneurship influences the individuals associated with it?

We can also say that- Growth of society and economy of any place is directly or indirectly connected to the growth of individuals. Any society and team make by a set of individuals. So, therefore, entrepreneurs and their entrepreneurship influence the individuals that are associated with them. There are the following points that explain how does entrepreneurship influences individuals.

• It earns an individual much respect.
• Entrepreneurship gives independence and freedom to set your own schedule.
• Individuals get to work on what they believe in.
• It makes one own boss. One has the full control of the team and the company.
• Entrepreneurs, if succeed, are able to create wealth.