Question

Define entrepreneur. State the role of an entrepreneur.

Answer 1

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs

Role of Entrepreneurship in Economic Development! The word development is used in so many ways that its precise connotation is often baffling. Nevertheless, economic development essentially means a process of upward change whereby the real per capita income of a country increases over a long period of time.

Answer 2

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the capacity and willingness to develop ,organise and manage a business venture along with any of its risks , in order to make a profit. Entrepreneurship combined with land,labor ,capital can produce profit.


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