Role of Entrepreneurship in Economic Development
Before discussing the role of entrepreneurship in the economic development of a country, let us discuss who is an entrepreneur and what is entrepreneurship, and the types of entrepreneurship in brief. We will also discuss the challenges or the difficulties faced by the entrepreneurs and the ways to eliminate those difficulties, later in this article. Who is an entrepreneur: An entrepreneur is a person who establishes and succeeds in startups or businesses in which risk and profits are involved. (A startup is a new company started by one or more entrepreneurs with an aim to develop a unique product or service and introduce it...
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