Balance development aims to create equal opportunities for all people to participate in and benefit from development. It requires expanding people's choices in life through human development. Poverty limits human development and choices. Regional stability depends on consistent social and economic conditions in a region based on factors like culture, location, politics and economics. Imbalances result from natural differences, sociocultural conditions, and policy decisions. Improving infrastructure, values, and policies can address imbalances. Entrepreneurs play a key role by introducing small businesses utilizing local resources to generate jobs and equality.

2. What is balance development ?
It can be defined as the creation of equal opportunities
for all people to participate in, contribute to and benefit
from development.
The study argues that the requirement for such a
balanced development is human development, which is
the process of enlarging people’s choices as to what they
do and can do in their lives.
 Poverty limits the opportunity of many people to
develop their capabilities and thereby limits their
choices as to what they can do in their lives and how
they can participate in development.

3. REGIONAL STABILITY
 It can be defined as the
consistency of people in a region in
their social activity and economic
condition.
It depends on many factors like
culture, tradition, location, politics &
agro-economic conditions of that
region.

4. CAUSE OF REGIONAL INBALANCE
Imbalance is the result of three sets of factors: -
natural differences,sociocultural conditions and
policy decisions.
Natural factors, such as differences in agro-
climatic conditions, natural resources or
geographical location determine the potential for
economic development of an area or a region.
Sociocultural factors, such as values and traditions
may discourage social and economic mobility.

5. REMEDIES TO REGIONAL INBALANCE
 Natural factors can be improved through
infrastructure, transportation, irrigation &
development of enterprise etc.
Sociocultural factors, such as values and
traditions that discourage social and economic
mobility, can be changed by inspiration,moti-
vation & innovation.

6. ROLE OF ENTERPRENEUR
Entrepreneurship is the active process of
recognising an economic demand in an
economy, and supplying the factors of
production (land, labour and capital) to
satisfy that demand, usually to generate a
profit.
Entrepreneur has a great role to make an
equality in property in the society by
introducing small scale enterprises in the
undeveloped or rural area.

7. Continued...
Entrepreneur introduces new ideas
and create new market by utilizing the
local resources and generating
employment for the local people.
Large industries lead to disparities
between rural and urban areas, so for
social stability regional balance small
scale enterprise is the ultimate option
which can only be done by entrepreneur.

8. There is a wide range of significant
contributions that entrepreneurs can make to
the development process :-
Entrepreneurship raises productivity through
technical and other forms of innovation.
 Entrepreneurship is a powerful tool of job
creation.
 Entrepreneurs play a strategic role in
commercialising new inventions and products.
VISIONARY ASPECTS OF
ENTREPRENEURSHIP

9. Entrepreneurs play a critical role in the
restructuring and transformation of
economy in rural area.
Entrepreneurs help reduce the
ossification of established social
institutions and the concentration of
economic power.
Entrepreneurs make markets more
competitive and thereby reduce both
static & dynamic market inefficiency
Continued...

10.  Entrepreneurs make markets more
competitive and thereby reduce both static
and dynamic market inefficiency.
 Entrepreneurs stimulate a redistribution of
wealth, income and political power within
societies in ways that are economically
positive and without being politically
disruptive.
 Entrepreneurs improve the social welfare
of a country by harnessing dormant,
previously overlooked talent.
Continued...

11. The unique feature of entrepreneurship
is that it is a low cost strategy of economic
development, job creation and technical
innovations.
 Other agents of change may accomplish
the same ends, but not as cost effectively as
entrepreneurs.
And this is accomplished by setting up
enterprises, initially as a small scale.
Cost-Effective Strategy

12. CONCLUSION
Entrepreneurship can bring a great
change in socioeconomic condition
of undeveloped areas and there by
accelerate the growth & development
of a nation in a sustainable way.