User:Deepakvictor

Economic View On Entrepreneur
The Economic growth of a country is directly linked with the function performed by the entrepreneur.

Functions of Entrepreneurs

There are great opportunities in small businesses in India.These opportunities will transform India in the coming future. For such transformation to happen, support from both at the governmental and societal level are needed. For the government it is important to realize that, the goal of small business owners will be to remain self-employed. They may not need financial assistance but they will need marketing and legal assistance in order to sustain themselves. Practical and cost effective programs need to be developed to address their needs because self-employed people will represent an important segment in economic revitalization.

The success of a nation’s economy is based on the success of its entrepreneurs. The Austrian school of economic thought, founded in 1871 by German economist Carl Menger, was first to recognize entrepreneurs as central to a nation’s economy. Since then, entrepreneurs around the world continue to be pioneers of expansion. When a country’s legal, economic and cultural conditions support entrepreneurship, that country develops.Carl Menger

Created by Deepak Victor