Dr Rana Hamza Shakil thank you for your contribution to the discussion

Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional. Social entrepreneurs aim to create an equal and just society by providing economic and social security, livelihood opportunities, and raising living standards. They drive policy changes, provide problem-solving models, and work for economic profit while investing in social and economic assets for the community. One of the biggest and most important benefits of entrepreneurship is that it helps identify and develop managerial talent. A successful entrepreneur has to learn many skills to manage his business. One of those very important skills is the art of decision-making.For some people, entrepreneurship is a way of life. Creating something new and leading a team is living the dream, and a destination in its own right. For others, it's only a means to an end, or might even be considered a detour en route to even bigger and better things. Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term. Entrepreneurship has the potential to lift people out of poverty by generating employment and stimulating economic activity. Entrepreneurship also contributes to the development of local economies and helps improve the overall standard of living. Rural entrepreneur is one of the most important inputs in the economic development of the country. The scarce resources are used efficiently by the rural entrepreneurs by increasing the profits and decreasing the cost. The main problems faced by the rural entrepreneurs are shortage of finance and raw materials. Entrepreneurship is a key driver of economic growth and development. By creating new businesses and jobs, entrepreneurship leads to an increase in gross national product and per capita income. This is particularly important for developing countries, where poverty and unemployment are major issues.