Entrepreneurship plays an influential role in the economic growth and standard of living of the country. As a start-up founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family. But you are actually doing a whole lot more for your local community, state, region, and the country as a whole. This chapter deals about important roles an entrepreneur plays in the economic development of the country. This article deals about the major roles played by an entrepreneur in the economic development of an economy.