Need of Entrepreneurship
NEED OF ENTREPRENEURSHIP IN CONTEXT OR PREVAILNG EMPLOYMENT CONDITION IN THE COUNTRY.
The need of entrepreneurship is due to the following reason: –
1 Employment situation: – The employment opportunities are becoming more and more tight due to increasing population and shortage of raw materials, power supply etc. Even engineering and technician are not getting job. The time has come when engineers and technicians should get self-employment by becoming small entrepreneurs. This is not only evaporate Unemployment, but will also boost up the economy of the country.
2 Individual Development: – Entrepreneurship help as an individual in using his initiative and drive freely. It provides independence, satisfaction, profits, opportunities o assist other and create new things. It helps in overall development of an individual.
3 Nation Development: – at national level, entrepreneurship helps in the following ways:
- It creates employment and thus solves the nation’s unemployment problem.
- It helps in a wider distribution of wealth and thus creates a socialistic pattern of society.
- It helps in increasing production.
- It provides a helping hand to big industries.