Entrepreneur
Entrepreneur
is an innovator of new ideas and business processes. He possesses management
skills, strong team building abilities and essential leadership qualities to
manage a business.
Entrepreneurship
is a process of a action of an entrepreneur who undertakes to establish his
enterprise. It is the ability to create and build something.
Entrepreneurs
play a most important rolein the economic growth and development of a country’s
economy.
1. They
promote development of industries and help to remove regional disparities by
industrialising rural and backward areas.
2. They
help the country to increase the GDP and Per Capita Income.
3. They
promote capital formation by mobilising the idle savings of the citizens and
country’s export trade.
4. Entrepreneurs
provide large-scale employment to artisans, technically qualified persons and
professionals and try to maximise profits by innovations.
5. They
enable the people to avail better quality goods at lower prices, which results
in the improvement of their standard of living.
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