Role of

Entrepreneur
in economic growth

as an Innovator

Shikhar Mayank Productions

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What is
Entrepreneur??

Entrepreneur is a person who takes initiative or one who come up with an idea that
helps to create new jobs, encourage society and disperse wealth because of new
products or services that are introduced into the market. This gives great impact to
each and every individual as some ways or the other, we all get correlated.

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 Innovator

Innovative entrepreneurs bring about revolution or improve the methods

of production by executing new inventions.
An innovative entrepreneur is a person who searches new products,
new raw materials, new markets and adopts new changes and
improvements in the new ventures

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ECONOMIC GROWTH
Economic growth is an increase in the production of
goods and services in an economy.
Increases in capital goods, labor force, technology, and
human capital can all contribute to economic growth.
Economic growth is commonly measured in terms of the
increase in aggregated market value of additional goods
and services produced, using estimates such as GDP.
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Common grounds
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PRODUCER
Since the entrepreneur is an innovator also, he is not only carrying out new inventions in his
business activities but also makes the production of the products and services according to the
needs of society.
He perceives changes in economic and social life and takes initiations required in the changed
atmosphere, by perceiving various economic, social circumstances.
As a result, the wheel of economic progress goes on moving consistently.
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 Entrepreneurs are also early adopters. They aren’t afraid to embrac
innovation to strengthen their businesses.

The best entrepreneurs are the best long-term thinkers—so it’s no

surprise they are helping lead us into the future. In a world of shor
term pressures, 24 hour news cycles, uncertain geopolitical and
Better Future economic environments, and disruptive technology, entrepreneurs
offer important lessons for us all. They’re spotting opportunity, ma
smart short-term sacrifices, unlocking new innovations, and
demonstrating the power of a long-term vision. And along the way,
they’re helping build a robust economic future for us all
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BALANCED
Entrepreneurs REGIONAL
setting DEVELOPMENT
up new businesses and industrial units help with regional
development by locating in less developed and backward areas. The growth of industries
and business in these areas leads to infrastructure improvements like better roads and rail
links, airports, stable electricity and water supply, schools, hospitals, shopping malls and
other public and private services that would not otherwise be available

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Social elements build up SM

Distribution of Twitter users in the INDIA as

of January 2019, by gender*

Philanthropy
Often the statistics are hard to measure – not all
entrepreneurs wish to boast of their charitable
activities – but it is fair to say that many
successful business owners, some of whom will
53% 47% have come from financially insecure upbringings,
are keen to redistribute their new-found wealth to
charities and local community ventures.

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BIG is beautiful
Dhanda Karo to Bada Karo Purushottam bhai

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 Entrepreneurs Introduce
New Technology
Since a long time, entrepreneurs have been introducing
new technologies in the economy. For example, Steve
jobs introduced the MAC software. Such technological
Connectiong the world advancements help to develop the economy as a whole.
This is one of the reasons that the government supports
NEP and promotes the entrepreneurs

LOREM IPSUM DOLOR SIT AMET, CU USU

AGAM INTEGRE IMPEDIT.
Caretake
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A lot of industries use the products of other industries as a raw
material for their finished products, thus generating even more
goods and services as well as more revenue.
For example, while flour is a finished product for a person who
owns a flour mill, it is a raw material for the factory producing
biscuits. In this way, it goes on and on. One idea or product leads
to the development of another or complementary product or
service.

Entrepreneurs help other

Industries in the Economy

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