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Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
It has assumed super importance for accelerating economic growth both in developed and developing countries. It promotes capital formation and creates wealth in country.
It is hope and dreams of millions of individuals around the world. It reduces unemployment and poverty and it is a pathway to prosper.
Entrepreneurship is the process of exploring the opportunities in the market place and arranging resources required to exploit these opportunities for long term gain. It is the process of planning, organising, opportunities and assuming.
An entrepreneur is a person who holds a vision, spirit, intelligence and an art of making an enterprise run successfully. But what is the role of an entrepreneur from the social aspect. He as a part of society also has to play an important role in bringing in new ideas, methods and objects for the welfare of the society.
Irrespective of the basics of satisfying his personal goals and ambitions, he should also understand his responsibilities towards community.
Defining entrepreneurship Brown and Upton had the
opinion that Entrepreneurship can be known as the method of gaining, pulling simultaneously all the resources, and installing them in the quest of apparent chances in the coming future for lengthy gains.
The following reasons are responsible for the same:-1) Provides employment to huge mass of people2) Contributed towards research and development system3) Creates wealth for nation and for individuals as well4) Sky-scraping heights of apparent prospects5) It is a challenging opportunity for the people6) Entrepreneurship provides self sufficiency
Chavda Bhaya K.
Chavda Paresh B.
Chheta Mayur G.
Chheta Dharmesh H.