Role Of Entrepreneurship In Economic Development
Journal Title: International Journal of Scientific Research and Management - Year 2016, Vol 4, Issue 6
Abstract
The study tells that t he entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service sector. Entrepreneurs are like gamblers, and like any gambler, their chances of winning increase if they have the right cards . The role of entrepreneurship in economic development varies from economy to economy depending upon its material resources, industrial climate and the responsiveness of the political system to the entrepreneurial function . Path breaking offerings by entrepreneurs, in the form of new goods & services, result in new e mployment, which can produce a cascading effect or virtuous circle in the economy . If we understand the benefits and drawbacks, a balanced approach to nurturing entrepreneurship will definitely result in a positive impact on economy and society .
Authors and Affiliations
Amrita Dhaliwal
Keywords
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