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Entrepreneurship brings some positive impacts on society as listed below:
                 •  They help in the economic growth of the country by boosting national income and tax revenue.
                 •  Identifying existing opportunities in the market with new and improved products.

                 •  Creates jobs and employment opportunities.
                 •  They do business in a creative manner and help in raising the standard of the society.
                 •  They provide developed infrastructure in the locality, improved network and good transport facility.
                 •  They help in community projects and support local charities that contribute to the welfare of the society.

                 Society also plays an important role in boosting entrepreneurship. Some of these are:
                 •  Helps in providing the raw material for the business.
                 •  Provides financial support through loans, shares, debentures etc.
                 •  Provides policies and laws in favour of promoting entrepreneurship.
                 •  Supports infrastructure development and network development.

                 •  Provides a market with the needs and demands of the product.
                 •  Creates a need for education and awareness for entrepreneurship.

                         Customers' Needs, Wants and Demands

                 Entrepreneurs fulfil customer's needs, wants, and demands by identifying them and taking necessary actions. They
                 can be understood as follows:
                 •  Needs: Identifying and providing essential products or services that solve fundamental problems or fulfil basic
                   requirements.
                 •  Wants: Offering products or services that enhance the customer's lifestyle, going beyond basic needs to cater
                   to their preferences and desires.
                 •  Demands: Understanding and responding to the specific expectations and buying power of their target market,
                   ensuring they deliver value that meets or exceeds customer expectations.

                 For example, Maya is an innovative entrepreneur, she launched a line of nutritious healthy snack bars to meet
                 the basic needs of health-conscious individuals. Seeing a demand for variety, she introduced unique flavours that
                 catered to their wants. Listening to customer feedback, she also developed gluten-free options to meet specific
                 dietary demands. Through her keen understanding of customer needs, wants, and demands, Maya's business
                 flourished, delighting her clientele and expanding her brand.

                         Work Done by an Entrepreneur


                 When an entrepreneur runs a business:

                 •  They use their creativity to come up with a new business idea that will
                   fulfil the changing demands of the customers.

                 •  They use the available material and people available around them in an
                   innovative way merged with new technology to create new products.
                 •  They work  for the welfare  of the society by saving the environment,
                   contributing their money to build new schools and hospitals in their locality.
                 •  They create jobs by hiring the skilled and unskilled labourers and helps in bridging the gap of unemployment.
                 •  With the success of an entrepreneur the people connecting to it, all shares the success and thus helps in the
                   overall development of the country.
                 •  With the increasing competition of the entrepreneurs in the market, the products are available at low and
                   competitive cost.
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