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How the uses of problem identification helps an entrepreneur?

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(i) It helps an entrepreneur to bring out new products in the market. 

(ii)It helps him to understand the problems and needs of the market. 

(iii)Helps the entrepreneur to be creative. 

(iv)Increase in employment generation. 

(v)Increase in national income of the country. For example, Instant noodles, Ready to eat food, Easy to drink.

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