Entrepreneurship undoubtedly is important to the economy and its progress and the government plays a significant role as far as the development of entrepreneurship is concerned. When new enterprises come up it helps to improve and better the standard of living of the people of that country by giving them employment and this ultimately increases the GDP of the country. The better the GDP of the country, stronger is it’s the economic stability. When the most of the people of the country get employment then it improves the purchasing power of the citizens.