ENTREPRENEURSHIP IN ECONOMIC GROWTH AND DEVELOPMENT- AN EMPIRICAL STUDY

S.Shashila; C. Chitra

doi:10.59415/mjacs.v2i3.208

Authors

S.Shashila Vels Institute of Science, Technology and Advanced Studies (VISTAS)
C. Chitra Vels Institute of Science, Technology and Advanced Studies (VISTAS)

DOI:

https://doi.org/10.59415/mjacs.v2i3.208

Keywords:

entrepreneurship, economic growth, development, Entrepreneur

Abstract

An essential component of a nation's development is entrepreneurship. It is among the most crucial components of economic growth. An entrepreneur is someone who possesses the drive, initiative, and skill necessary to launch their own company or venture and who is constantly striving for greatness. He works for the general good and is the driving force behind societal transformation. The quantity and quality of entrepreneurs have an impact on the nation's economic development. They seek out, recognize, and take advantage of chances primarily for financial benefit. An extremely calculated person who is constantly willing to take chances in order to accomplish their objectives is an action-oriented entrepreneur. The purpose of this review research article is to investigate the role that entrepreneurship plays in promoting economic development and progress. It looks at the study methods, theoretical foundations, and empirical results pertaining to the function of entrepreneurship in diverse settings.

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Author Biography

C. Chitra, Vels Institute of Science, Technology and Advanced Studies (VISTAS)

Associate Professor, Department of Commerce

Vels Institute of Science, Technology and Advanced Studies (VISTAS)

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