Entrepreneur

Concept

Entrepreneurs play a very important role in the development of any country. They are the backbone of a nation's economic progress. Entrepreneurs are innovators but in their role they act as the owners, producers, coordinators, market creators, decesion takers and risk takers. They organize land, labour and capital to provide much needed goods and services to the society and therefore are referred to as fourth 'factor of production'. They endeavor to increase productivity and the quality of output by application of mordernized techniques. They generate employment opportunities to large sections of the society and try to increase their standard of living.