10 ways that entrepreneurs contribute to national development.

1.Employment

An entrepreneur gets a job for himself and subsequently to other.This is important in the sense that its not only the entrepreneur who benefits buts others as well.

2.Living standard

The standard of living of people is measured to buy goods and services.The entrepreneurs pays workers in terms of salaries and wages which enables them to buy the neccessities and that enables them to improve their living standards.

3.Taxes

Entrepreneurs pay taxes to the government from the profits in the business as well as employees from their salaries.This improves government revenue and therefore the government can use the taxes to improve the infrastructure of the nation.

4.National productivity

When your products are sold in a local economy,this means that the equivalent of the same in the money terms is no used for importing similar products.When this happens the gross domestic productivity(GDP) increases.

5.Innovative and technology

Entrepreneurs aspires for new ideas to improve the existing methods of producing certain products or provision of better services.Better quality products may end up being offered in the market.

6.Conservation of foreign exchange

The able you are to produce goods which do not require imported inputs the more you contribute to the conservation of foreign exchange.This is because the goods are readily available and there is no need to import them.

7.Export promotion

We a country produces more than they need,the entrepreneurs will be forced to export the surplus thus earning the country with foreign exchange.

8.Recycling of waste 

Entrepreneurs who engage in waste recycling also engage in conservation of the environment,this is through removal of pollutants from the environment.

9.Business diversification

The entrepreneurs are able to expand business opportunities in order to maximize returns.In many business set up the consumer are able to enjoy a variety of commodities.

10.Promotion of entrepreneurial culture

They encourage individuals to set up and manage their business and this reduces importation of goods.