Everything you need know about the role of entrepreneurship in economic development. The economic development of any economy heavily depends on the accumulation and availability of fundamental resources like land labour, capital and technology. Technology in particular is contributed by the knowledge of the people in the society. The innovativeness of the entrepreneurs often lead […]
Role of Entrepreneurship in Economic Development
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Concept of Entrepreneurship
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Everything you need to know about the concept of entrepreneurship. The word entrepreneur is borrowed from the French language. It is derived from ‘entreprendre’ meaning to ‘undertake’. Thus, entrepreneur is an ‘undertaker’ in the literal sense of the word. Its usage in French language can be traced much before the emergence of activities generally associated […]
Difference between Entrepreneur and Intrapreneur
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Everything you need to know about the difference between entrepreneur and intrapreneur. The term ‘entrepreneur’ needs to be differentiated from the word ‘intrapreneur’. An intrapreneur perceives and exploits business opportunities within an existing enterprise. He generally serves as the chief executive of a semi-autonomous product division or subsidiary. Big companies encourage their key executives having […]