Entrepreneurs invest their resources and attract funds (in the form of debt, equity and others) from investors, financiers and the public. This distributes public wealth and allows people to benefit from the success of entrepreneurs and developing businesses. This type of shared capital that results in the creation and distribution of wealth is one of the fundamental imperatives and objectives of the economy. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayBy nature and definition, entrepreneurs are job creators, rather than job seekers. For example, when you become an entrepreneur, there is one less job seeker in the economy and therefore you can offer work to many more job seekers. This type of job creation by new and existing businesses is once again one of the key goals of economic development. They generate many job opportunities and help to expand or raise standards internationally. Helping entrepreneurs in raising the living standards of people in a country is another key goal of economic development. They not only promote employment opportunities but also develop and adopt innovations that lead to improvements in the quality of life of their employees, customers and other stakeholders in the country. For example, automation that reduces manufacturing costs and enables faster production will make a business unit more productive, while providing its customers with the same products at lower prices. Community development requires infrastructure for healthcare, education, training and other public services. For example, educated and skilled workers are needed in a community to attract new businesses. If there are educational institutions, technical training schools and internship opportunities, this will help build a pool of educated and skilled workers. The creation of new businesses and industrial units helps regional development by locating in less developed and backward areas. The growth of industries and businesses in these areas leads to infrastructure improvements such as better road and rail links, airports, stable electricity and water supplies, schools, hospitals, shopping complexes and other public and private services that would otherwise not be accessible. Entrepreneurs also create social change. Through their unique offering of new products and services, entrepreneurs break away from tradition and indirectly support freedom by reducing dependence on outdated systems and technologies. For example, water supply in a water-scarce region will sometimes force people to stop working to collect water. This will impact their business, productivity and income. Every new business that locates in a less developed area will generate both direct and indirect jobs, helping to lift regional economies in many different ways. The combined spending of all new employees in new businesses and supporting jobs in other businesses contributes to local and regional economic success. Any developing company will eventually want to start with exports to expand their business to other foreign markets. This is an important ingredient of economic development as it provides access to broader trade and leads to currency inflows and access to new cutting-edge technologies and processes used in more developed foreign markets. Another benefit is that this expansion leads to more stable business revenue during economic downturns in the economy.