Establishment of large enterprises leads to concentration of economic power in a few hands in the society. Such concentration has its own evils in the form of monopolies and monopolistic exploitation of the consumers and the society as a whole. Hence developing a large number of small entrepreneurs would help in even distribution of economic power, ultimately bringing about social stability. Entrepreneurs bring social stability also by generating self-employment and facilitating development of rural and backward areas.

Social stability comes along with prosperity in the society. Entrepreneurs help the society in attaining social stability in the following ways:

(i)    Entrepreneurs create both direct and indirect employment for the society. They generate self employment by setting up their units and have a respectable social life. Those who have the talent and knowledge can start their own units. There are many government and non-government agencies which helping selling up new units. Besides self employment, these units create millions of jobs in the country. Employment provides respectable life to people in the society. When people have opportunities for work, they will certainly channels their energies into productive activities.

(ii)    Enraptures set up industries which remove scarcity of essential commodities. They also introduce new products as per the requirements of the society. This helps in improving the standard of living of the people.

(iii)    Entrepreneurs are units. Besides self employment, these units create millions of jobs in the country. Employment provides respectable life to people in the society. When people have opportunities for work, they will certainly channels their energies into productive activities.

(iv)    Enraptures set up industries which remove scarcity of essential commodities. They also introduce new products as per the requirements of the society. This helps in improving the standard of living of the people.

(v)    Entrepreneurs are conscious of their social responsibilities. Many entrepreneurs try to help the society by creating infrastructural facilities for the society, providing medical and educational faculties, controlling pollution etc.

(vi)    Entrepreneurs start and run productive ventures. They create wealth for the nation and help in increasing the national income. Ultimately, per capital income of the people goes up leading to rise in their standard of living.

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