social changes

What Role Do Demographic Shifts Play?

Demographic shifts such as aging populations, urbanization, and increasing diversity significantly impact entrepreneurship. For example, an aging population creates demand for healthcare innovations, leading to opportunities in the healthtech sector. Urbanization trends drive the need for smart cities, thus opening avenues for startups in sustainable urban development. Additionally, increasing diversity fosters inclusive business practices and multicultural marketing strategies, which can help entrepreneurs tap into broader markets.

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