ENTREPRENEURSHIP-2

ENTREPRENEURSHIP-2 i was write ENTREPRENEURSHIP-1

The entrepreneur may be a highly educated,trained and skilled person or he may be an illiterate person possessing high business acumen which others might be lacking .but he possesses the following qualities ..
(a) he is energetic,resourcefull,alert to new opportunities,able to adjust to changing conditions and willing to assume the risks in change and expansion.
(b) He introduces technological changes and improves the quality of his product.
(c) He expands the scale of operations and undertakes allied pursuits and reinvests his profits.
Economist Schumpeter say Entrepreneurship is may consist.

(a) The introduction of a new product .
(b) The introduction of a new method of production.
(c) The opening up of a new market.
(d) The conquest of a new source of supply of raw materials or semi-manufactured goods.
(e) The carrying out of the new organization of any industry like the creation of a monopoly.
According to Schumpeter it is the introduction of a new product and continual improvements in the existing ones that 


To be continue….