Entrepreneurs play a key role in economic development by creating wealth and jobs, promoting balanced regional growth, and increasing GDP and standards of living. They mobilize capital for new businesses, employ many workers, and locate in less developed areas to spur infrastructure growth there. Their businesses produce goods and services that contribute to national income and output, raising GDP and per capita income. Entrepreneurs also introduce new and improved products that enhance living standards and remove supply shortages. Their exports can expand markets while stabilizing revenue during domestic economic downturns. Community development through education and skills training is important to build a workforce that attracts new businesses and promotes long-term economic prosperity.