Role of Enterprenur in Economic Developments .
:- Entrepreneurs play a pivotal role industrial and economic development .
:- He services as a catalyst in the process of industrialization and economic growth .
:- The Enterprenur acts as owner , producers , coordinate , market Maker , decision , risk taker and innovator .
:- He provided an improved allocation of resources for the best interest of enterprise as well as economy .
:- Some of the following Entrepreneurs activities are mentioned below :=
1 . Generating Employment Opportunity :-
:- Entrepreneurs creates new opportunities for the society . The starting of a new venture creates opportunities of labour , supplier of in put , supplier of industrial equipment , market traders etc . All these sectors are benefited by the setting up of new enterprises .
:- Every new units / company equires man power to run if the unit is small then fewer workers will be required . If the unit is small then fewer workers will be employed then employment opportunity are created by the entry of new units .
:- Industrial sector is more employer of labour force and industrial unit require raw material power , water , banking , communication facilities , provider of machineries , provider of furniture etc . These provides will get work from the new unit so the employment opportunity generate .
:- Every new units / company equires man power to run if the unit is small then fewer workers will be required . If the unit is small then fewer workers will be employed then employment opportunity are created by the entry of new units .
:- Industrial sector is more employer of labour force and industrial unit require raw material power , water , banking , communication facilities , provider of machineries , provider of furniture etc . These provides will get work from the new unit so the employment opportunity generate .
2. Balanced Regional Development :-
:- Balanced regional development implies uniform distribution of plant investment among different regions of the country .
:- The investment should be so planned that regional growth rate should be equal
3. Social Stability :-
:- Entrepreneur set up industries which remove scarcity of essential commodity . The new product are a also introduced in the society . The production of goods on mass mass scale helps in improving the standard of living people . People will be Happy when they get goods as per there requirement so the purchasing power will increases and it also growth of economic value
4. Innovation :-
:- Entrepreneur bring new innovation responses to the society such as new markets , new marketing opportunity new product introduction new uses of raw material etc . For that the economically growth rate increases due to new innovation .
0 Comments