Entrepreneurship Case

Entrepreneurship

Entrepreneurship is an act of initiative, drive, commitment, diligence, perseverance, organized effort, and achievement outlook to undertake some specific functions of performing productive activities and the capacity to bear and associated with the investment.

Entrepreneurship is the attempt to create value through recognition of business opportunities, the management of risk taking appropriate to the opportunity, and through the communicative and management skills to mobilize human, financial and material resources necessary to bring a project to realization.

In a nutshell we can say that entrepreneurship refers to the functions performed by an entrepreneur in establishing an enterprise.

In brief, Role of Entrepreneurship in Economic Development

1. Entrepreneurship promotes capital formation by mobilizing the idle money.

2. It provides large-scale employment and reduces unemployment.

3. It encourages effective resource mobilization of capital and skill.

4. It helps to reduce the concentration of economic power.

5. It stimulates the equitable redistribution of wealth, income.

6. It also reduces the backward and forward linkages.

7. It also promotes country's export trade.

8. It serves as a catalyst of economic development.

9. It is a product evaluation process.

10. It is an ordinary and technological innovation process.

Role of Different Sectors in Bangladesh Economy

Role of Rural Sectors

Bangladesh's achievement in rural areas during the last few decades has been quite impressive. With more than doubled cereal production on less agricultural land and crop diversification between 1975 and 1999, Bangladesh has effectively eliminated the hreats of famine and hunger. Aided by this remarkable agricultural growth, the rural non-farm economy, which includes everything except primary agricultural production, has now become a leading source of income and half of employment in rural areas.

The rural non-farm sector has the potential to help the country meet many of the economic challenges it faces. More than half of rural population still lives in poverty and about a