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Explain the concept of entrepreneurship development. |
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Answer» ⠀ ★ Concept of Entrepreneurship Development⠀ ⟹ Entrepreneurship is the process of SETTING up one's own business as distinct PURSUING any another economic activity, be it employment or practising some profession. ⠀ ❏ The person who set up his business is called an ENTREPRENEUR. ⠀ ⠀━━━━━━━━━━━━━━━━━━━━━⠀ Entrepreneurship besides providing self employment to the entrepreneur is responsible to a great extent for creation and expansion of opportunities for the other two economic activities, that is, employment and profession. ⠀ ⠀ ➲ Entrepreneurship becomes crucial for OVERALL economic development of a nation. ⠀ ━━━━━━━━━━━━━━━━━━━━━━ |
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