ANNEXURE C CONTENT BLOCK- 1 INTRODUCTION OF ENTREPRENEUR • • Unit 1- Entrepreneur: Meaning and Theories Unit 2- Socio Economic Environment and


BLOCK- 2 ENTREPRENEURS AND SOCIAL RESPONSIBILITY • • Unit 3- Entrepreneur: Types and Functions Unit 4- Entrepreneur: Specific Traits and Social Responsibilities

BLOCK- 3 NEW VENTURES • • Unit 5- Environmental Analysis for New Venture Unit 6- Raising Funds And Legal Requirement

BLOCK- 4 ENTREPRENERIAL DEVELOPMENT PROGRAMMERS • • Unit 7- Entrepreneurial Development Programmers Unit 8- Role of Entrepreneur


Unit 1- Entrepreneur: Meaning and Theories Unit 2- Socio Economic Environment and Innovation BLOCK: 1 INTRODUCTION OF ENTREPRENEUR

The concept of Entrepreneurship has assumed prime importance for accelerating economic growth both in developed and developing countries. In this block we will find the importance and nature of the entrepreneurship for an individual as well as for the economy. Entrepreneurship is not an inborn skill, it is a product of environment. We will try to understand the role of environment in the development of entrepreneurial skills. This section will focus on the Theories of entrepreneurship and innovations. Unit-1: This unit covers ‘Entrepreneur: Meaning and Theories’, explains meaning, nature, emergence and Theories of Entrepreneurship. Unit-2: This unit covers ‘Socio Economic Environment and Innovation’, describes some aspects of relationship between Entrepreneurship and Environment. This will explain the Entrepreneur and Innovation.

6 1.ANNEXURE (E) UNIT-1 Objectives The objectives of this unit are to enable you: • • • • Explain the meaning and Nature of Entrepreneur Discuss the importance and emergence of Entrepreneur Describe the role of various theories of Entrepreneurship Narrate the Functions and Roles of Entrepreneurship ENTREPRENEUR: MEANING AND THEORIES Structure 1.11 Exposure Theory of Entrepreneurship 1.14 Drucker’s Theory of Systematic Entrepreneurship Summary Self Assessment Questions 1.7 .Efficiency Theory Process.13 Regional Climate Theory Meaning of Entrepreneurship 1.5.4 Economic Forces Theory 1.5 Resource Based Theory of Entrepreneurship 1.5.2 Innovation Theory of Schumpeter 1.5.5.Oriented Model of Stevenson 1.1 Risk Bearing Theory of Knight 1.5.1 Various Concepts of Entrepreneurship 1.10 Max Weberian Model of Entrepreneurship Leibenstein’s X.6 Socio Logical Theory 1.5.1 1.2 Definition of Entrepreneurship Nature and Characteristics Classification of Entrepreneurship Emergence of Entrepreneurship Theories of Entrepreneurship 1.8 Shapero and Sokol’s Theory of Entrepreneurship 1.2 1.7 Hagen’s Theory of Entrepreneurship Political System Theory of Entrepreneurship 1.4 1.3 1.

7. What qualities are required for a successful Entrepreneur? 8. 10. 9. Every practice rests on theory.7 Self Assessment Questions A) Objective Types 1. “Profit is the reward for uncertainty bearing” Discuss.components that are involved in the Entrepreneurial processa) Six b) Seven c) Eight d) Nine 3. arranging resources required to exploit the opportunities for long term gains. It is the process of planning. operating and assuming the risk of a business venture. There are ----------. Entrepreneurship rests on a theory of economy and Society 1. There is nothing as practical as a good theory.6 SUMMARY Entrepreneurship is the process of identifying opportunities in the market place. What is Entrepreneur? 5. Explain the concept of ‘Locus of Control’. Discuss Exposure Theory of Entrepreneurship.1. which one is not a type of Entrepreneurship-? a) Business Entrepreneur b) Trading Entrepreneur c) Industrial Entrepreneur d) Pure Entrepreneur 2. On the basis of type of Business Occupation. Who are Copreneurs? 6. Which one is not included in Impetus for Entrepreneurship? a) b) c) d) B) Negative displacement Positive Push Positive Pull Negative Pull Short Answer Question 4. . Describe the major functions of Entrepreneur. It is creating wealth by bringing together resources in new way to start and operate an enterprise. even if the practitioners themselves are unaware of it. organizing.

Explain the role and significance of an Entrepreneur in developing economy with reference to the above statement. “An Entrepreneur is a catalytic agent in economic development. 13.C) Descriptive Type Questions 11.” Explain it and discuss the main qualities of a successful entrepreneur. 12. 15. What is Innovation Theory of Entrepreneurship? Also evaluate it. “Entrepreneur is one who takes risk. 14. Enunciate the ‘Exposure Theory’ of Entrepreneurship. Discuss the different types of Entrepreneurs. .

3 2.5 2.1 Internal Environment 2.1 2.2 2.15 2.11 2.16 2.10 2.14 2.3.ANNEXURE (E) UNIT-2 Objectives The objectives of this unit are to enable you: • • • • Explain the relationship between Entrepreneurship and environment Discuss the changing values relating to Entrepreneurship Describe the role of Socio Economic Environment Narrate the Concept of Innovation SOCIO ECONOMIC ENVIRONMENT AND INNOVATION Structure 2.7 2.17 2.requisites for effective innovator Need and role of innovation today Sources and opportunities for innovation Principles of innovation Essential conditions for successful innovation Summary Self Assessment Questions .8 2.9 2.12 2.4 2.18 Aspects of relationship between Entrepreneurship and Environment Needs and importance of Entrepreneurial Environment Environmental forces 2.13 2.2 External Environmental Factors Changing values relating to Entrepreneurship Factors impeding the growth of Entrepreneurship How to encourage Entrepreneurship Creativity and Innovation defined The creativity process Qualities of creative entrepreneur Elements in innovation process Skills required for innovation Pre.6 2.3.

a) Incubation b) Illumination c) Verification d) Idea generation 4.17 SUMMARY Entrepreneurship is not an inborn skill. It involves a complex of economic and social behaviour. Creativity and innovation are seen as being the key to survival in an ever-more competitive and global economy. 9. Narrate the factors of political environment. Creativity and innovation are essential to business success as we prepare to entered the new century. In fact the entrepreneurship can not keep aloof from the changing social values. religious beliefs. Which one is not essential condition of successful innovation? a) Innovation at work b) Innovation must built on their strengths c) Innovation for future d) Innovation is an effect in economy and society B) Short Answer Questions 5. ideologies. Which one of the following is not included in external environment? a) Governmental environment b) Ethical Culture c) Technological environment d) Internal environment 3. ___________ may be triggered by an opportune incident. 2. It can flourish only under the right environment.2. it is a product of environment. How will you distinguish between Innovation and Creativity? 6 Describe the elements of Innovation process. new emerging aspirations. What are the characteristics of economic environment? . 10. What are the pre requisites for an effective Innovator? 8. 7. a) Environment b) Attitude c) Climate d) Situation 2. Explain the elements of social environment. consumer wants and society needs etc.18 Self Assessment Questions A) Objective Types 1. Entrepreneurship can hardly survive under any given circumstances. Entrepreneurship can flourish in the right type of ___________.

14. Discuss the relationship between Entrepreneurship and Environment. Define innovation and describe its process.C) Descriptive type question 11. Explain the need and role of innovation in today’s consumer society. . 13. 12. Discuss the impact of social environment an Entrepreneurship.

Unit-3: This unit covers ‘Entrepreneur: Types and Functions’. describes the views of social responsibilities and impact of socially responsible entrepreneur on his economic performance.Entrepreneur: Specific Traits and Social Responsibilities BLOCK: 2 ENTREPRENEURS AND LEADERSHIP An entrepreneur is a person who creates an ongoing business enterprise from nothing. explains the types of entrepreneurs and their functions. wealth and resources in a country by their inventive and risk-taking behavior. The spirit of enterprise makes man an entrepreneur.Entrepreneur: Types and Functions Unit 4. A global entrepreneur must be responsive to the social challenges of the times.ANNEXURE (D) BLOCK: 2 • • ENTREPRENEURS AND SOCIAL RESPONSIBILITY Unit 3. Unit-4: This unit covers ‘Specific traits and Social responsibilities’. Only the entrepreneurs create capital. . It gives proper insight on leadership behavior of an entrepreneur. An entrepreneur performs all the necessary functions which are essential from the point of view of operation and expansion of the enterprise.

3 3.ANNEXURE (E) UNIT-3 Objectives The objectives of this unit are to enable you: • • • Explain the qualities of a successful Entrepreneur Discuss the types and functions of Entrepreneur Describe the role and significance of Entrepreneur ENTREPRENEUR: TYPES AND FUNCTIONS Structure 3.7 3.6 3.4 3.9 Meaning of an entrepreneur Characteristics of an entrepreneur Types of entrepreneur Functions of entrepreneur Role and Significance of entrepreneur Trait for an entrepreneur and Administrator Qualities of successful entrepreneur Summary Self Assessment Questions .1 3.8 3.2 3.5 3.

He promotes the prosperity of the country by his initiative and skill for innovation. “Entrepreneur is one who takes risk. traders. 10. On the basis of types of business organizations. 4. They are found amongst artisans. He is one who has the capability of risk-bearing. Who is Entrepreneur? What are his functions? . industrialist. farmers etc. 3. 5.3. Descriptive types questions 9. “Developing economies need imitative entrepreneur rather than innovative entrepreneur. an individual who combines in himself if the role of innovator and risk bearer. What is entrepreneurial process? Describe the qualities of entrepreneur.” Comment. Discuss the role of entrepreneurship in economic development. initiative and skill for innovation. how many types of entrepreneur is classified: a) Four b) Five c) Six d) Seven B) 3. a) Seeker b) Deliver c) Taker d) Responder 2. 6. C) Short types questions Describe the functions of entrepreneur. An entrepreneur is the builder of economic growth.8 SUMMARY An entrepreneur is a person who sets up a business os an enterprise. He looks for the high achievements. bankers. Distinguish between professional manger and entrepreneur. engineers. 11. Distinguish between entrepreneur and administrator. 8. importers. He is a creative thinker. 7.9 A) Self Assessment Questions Objective types questions 1.” Explain it and discuss the main qualities of a successful entrepreneur. Entrepreneur is a job giver not a job _________. Discuss the nature of entrepreneur. Entrepreneur is found in every system and in every form of economic activity. 12. exporters.

5 4.2 Perspective and scope of business plan 4.15 .4.11 4.14 4.6.2 Decision making under conditions of certainty.1 Characteristics of Business plan 4.6.1 Process of decision making 4.10 4.4 4.6 Entrepreneurial Leadership Leadership behavior of an entrepreneur Risk taking: the basic quality 4.8 4. risk and uncertainty Entrepreneurial business planning Business Plan 4.7 4.4.12 4.6.1 Risk tendencies and behavior of an entrepreneur Entrepreneurial decision making 4.3 Need and importance of business plan Definition of social responsibility Views of social responsibility Impact of socially responsible entrepreneur on his economic performance Social responsibility debate How much social responsibility? Scope of social responsibility social responsibility of Indian entrepreneur Summary Self Assessment Questions 4.13 4.3 4.9 4.2 4.3.ANNEXURE (E) UNIT-4 Objectives The objectives of this unit are to enable you: • • • • • Explain the Entrepreneurial Leadership Discuss the risk tendencies and behavior of Entrepreneur Describe the role and significance of Entrepreneur Narrate the Entrepreneurial business planning Explain the view of social responsibility ENTREPRENEUR: SPECIFIC TRAITS AND SOCIAL RESPONSIBILITIES Structure 4.1 4.

e.14 SUMMARY As entrepreneur is more a true leader and less a manager. What are the various views of social responsibilities? C) Descriptive types question . What are the features of entrepreneurial leadership? 5. a) Leaders b) Reactors c) Idea generators d) Traders B) Short types questions 4. Disk the risk and decision making. Analyzers and _________. 4. Defenders. rather they contain action commitments. How many steps are involved in decision process? a) Nine b) Ten c) Eight d) Six 3.15 Self Assessment Questions A) Objective types question 1. He focuses on people and inspires trust. Business enterprise is a social institution. Which one of the following is not a quality of an entrepreneur-? a) Urge to achieve b) Sense of purpose c) Strategic Expertise d) Diplomatic 2. An entrepreneur can cope with environmental uncertainty by adopting one of four positions i. Decision making is an important task of an entrepreneur. Discuss the qualities of entrepreneurial leader? 9. What do you mean by social responsiveness? 11. Entrepreneurs are linked with different groups of society. Entrepreneurs must act in ways that enhance the community’s well being. Entrepreneurial decisions are not based only on good intentions. When planning goes wrong? 8. He innovates and keeps eye on the horizon. What is the need to plan entrepreneurial activities? 7.4. He has long perspective in his work. Prospectors. 6. He originates and challenges the status quo. Define social responsibility? 10.

12. Discuss the entrepreneurial approach of decision making. 13. Discuss the various areas of social responsibility of an entrepreneur. What are the planning considerations for an entrepreneur? 15. 16. Define social responsibility of entrepreneur. How will you improve decisional skills of an entrepreneur? . 14. Give argument in favour of the need of social contribution to be made by entrepreneur.

Unit-5: This unit covers ‘Environmental Analysis for New Venture’. describes the legal requirements for the establishment of a new unit. Entrepreneurial ventures are founded by creative individuals. it requires proper thinking and planning.Raising Funds And Legal Requirement NEW VENTURES BLOCK: 3 An entrepreneur creates his own business. He is a person who organizes. Entrepreneur uses organized effort and means to pursue opportunities to create value. . these forces may be complex. awakened social consciences.ANNEXURE (D) BLOCK. The external environment forces affect the venture in various ways. Government legislation. It explains the importance of financial resources.3 • • NEW VENTURES Unit 5. rapidly changing and uncertain. economic necessities are playing their roles in the creation and existence of enterprise. A new venture is not a sudden discovery. operates and assumes the risk for a business venture. Unit-6: This unit covers ‘Raising funds and Legal requirement’. explains various types of environment and its analysis for new venture. External environment analysis helps formulate a good planning in line with opportunities.Environmental Analysis for New Venture Unit 6.

14 5.15 5.13 5.3 5.8.9 5.2 Harnessing and evaluating opportunity 5.2.10 5.ANNEXURE (E) UNIT-5 Objectives The objectives of this unit are to enable you: • • • • Explain the establishment requirement for new venture Discuss the analysis of entrepreneurial opportunities Describe the analysis of external environment and competitive factors Narrate the Micro and Mega Environment ENVIRONMENTAL ANALYSIS FOR NEW VENTURE Structure Why promote a venture Search for business idea 5.5 5.16 5.3 Feasibility Study 5.2 5.2 Idea processing and selection Setting Goals Preparing business plan Pre-start-up implementation Establishing the Enterprise Defining opportunity 5.1 Objectives of identification of business opportunity 5.2.1 5.1 Sources of Idea 5.4 Assessing the impact of opportunity and threats Environment and Entrepreneur Meaning and types of Environment Need and importance of environmental analysis Constituents of Mega Environment and their impact Analysis of micro environment Assessing the impact of opportunity and threat Competitive factor analysis Summary Self Assessment Questions 5.7.17 .6 5.11 5.2 Factors affecting identification of business opportunity Process of sensing opportunity 5.12 5.8.1 Perceiving basic idea 5.4 5.8.7 5.

4. He establishes a business venture on the basis of his scanning of environment and perception of opportunity. Which one is not a method of assessing the impact of opportunities and threat? a) Threat Matrix b) Opportunities Matrix c) BCG Matrix d) Issue priority Matrix B) Short Types Questions 3. He manages the growth and expansion of his venture over a period of time. 10. 7. What is a start up stage in promoting a venture? What do you mean by a business idea? What is the need of environmental analysis? Explain the impact of technological environment on the establishment of a new unit.5. 6. Which one of the following is not a constituent of Mega environment? a) Internal Environment b) Economic Environment c) Natural Environment d) Socio-cultural Environment 2. Enterprise does not function in isolation or in vacuum. Narrate a production plan for new venture. The environment of a venture is divided into two categories: Internal and External Environment. An entrepreneur has the unique ability to spot the problem to find a business opportunity. Thus analyzing the environment is a critical step in promoting a venture. “An entrepreneur should conduct a feasibility study. 5.17 Self Assessment Questions A) Objective types Questions 1. What is competitive factor analysis? Discuss basic competitive factors in the external environment. 8.16 SUMMARY An entrepreneur perceives an opportunity for making a product. 11. Summarize the analysis of external environment while promoting new industrial unit. External environmental analysis helps formulate a good planning in line with opportunity.” Discuss . They exist in society in association with their environment. 5. What are the constituents of mega environment? C) Descriptive types Questions 9. 6.1 6.1.5 6.7 6.3.1 6.9 Legal forms of organization Sole proprietorship Partnership Firm Joint Stock Company Co-operative Undertaking Hindu undivided Family Small scale industry registration Provisional and permanent registration Procedure of registration Salient features of important acts and laws Registration related laws Labor laws Environment related laws Local and other municipal laws Tax related laws Product and process related laws Other central acts Critical issues Short term and Long term finance Sources of short term finance Sources of long term finance Internal sources External sources Summary Self Assessment Questions . ANNEXURE (E) UNIT-6 Objectives The objectives of this unit are to enable you: • • • • Explain the legal forms of the organization Discuss the salient features of important acts and laws Describe the critical issues relating to the funds Explain the long term and short term sources of finance RAISING FUNDS AND LEGAL REQUIREMENTS Structure 6.1 6.1.4 6.3 6.12.6 6.3.4 6.1 6.1.5 6. How you will promote a new venture? Discuss the various stages.2.3 6.2 6.8 6.1 6.2 6.2 6.3.4 6.7.7 6.1.2 6.5 6.3 6.7.

12. Entrepreneurs should undergo a legal check up while establishing a unit and fulfilling the legal requirement. 11. The entrepreneur needs to be aware of legal formalities that may affect the establishment of his new unit. But this attitude is short sighted. 6. the entrepreneur has to make arrangements for financial resources.9 Self Assessment questions A) Objective types Questions 1. 7. Describe Institutional financing. No venture can take off and grow without monetary base. 10. 6. 4. Discuss the rules of provisional and permanent registration of a new unit. . What are the factors to consider with regard to debt-equity decisions? Discuss. What is provisional registration? What do you mean by Partnership Deed? What are the benefits of getting a unit registered? Discuss venture capital as a sources of long term finance. After preparing the project report for setting up a new enterprise.8 SUMMARY Some entrepreneur believes they need legal help only if they are sued or are suing others. Working capital includes----? a) Current Assets and Fixed Assets b) Current liabilities and Current Assets c) Current liabilities and Fixed Assets d) None of the above 2 Which one of the following is not a part of Short term financing? a) Reserves b) Customer Credit c) Credit papers d) Equity shares B) Short types question 3. 8. Discuss the various sources of long term finance. Discuss the legal forms of organization. Financial resources are essential for a new business. 5. What are the sources of short term finance? B) Descriptive types questions 9.6.

Entrepreneurial talent exists in every society and in all sections of the society. they can also be developed through education. They are motivated. describes the role of entrepreneur in socio economic growth. Entrepreneurship development is a prerequisite for overall economic development of any country. Unit-8: This unit covers ‘Role of Entrepreneur’. Unit-7: This unit covers ‘Entrepreneurial Development Programmes’ explains significance of EDP in India and about the institutions conducting EDPS in India. technology. The government provides many facilities and incentives for the promotion of entrepreneurs in India.ANNEXURE (D) BLOCK.Entrepreneurial Development Programmers Unit 8. Export promotion and Import substitution as well as the role of government in EDPS.Role of Entrepreneur ENTREPRENEURIAL DEVELOPMENT PROGRAMMES BLOCK: 4 Entrepreneurs are inspired people. . skilled adventurers.4 ENTREPRENERIAL DEVELOPMENT PROGRAMMES • • Unit 7. The growth of the nation depends upon the skilled entrepreneurs. capital and managerial skills. Entrepreneurs are not necessarily born. The factors contributing to economic development are labor.

10 7.2 Identification and selection of potential entrepreneur 7.ANNEXURE (E) UNIT-7 Objectives The objectives of this unit are to enable you: • • • • Explain the meaning of entrepreneurial development programmes Discuss the phases of EDPs Describe the institutions conducting EDPs in India Explain the suggestion to make EDPs more effective ENTREPRENEURIAL DEVELOPMENT PROGRAMMES Structure 7.1 Madhya Pradesh Consultancy Organisation Ltd.3 Training and development phases 7.7 7.11 .9 Calcutta ‘Y’ Self Employment Centre 7.3 7.4 Indian Investment Centre NISIET 7.9 7.8 TCOs Institutional efforts for EDPs in India Critical evaluation of EDPs in India Suggestions to make EDPs more effective Summary Self Assessment Questions 7.6.4 7.6.4 Support system 7.1 NIESBUD 7.7 Xavier Institute of Social Services 7.2 EDII Meaning and definition of EDP Nature of EDP Need and importance of EDP Objectives of EDP Phases of EDP 7. 7.1 Initial preparation 7.6 SIDBI 7.2 7.3 SIDO 7.5 Monitoring and Follow-up Institutions conducting EDPs in India 7.6.

7. . C) Descriptive types Question 6. Describe various institutions conducting EDPs in India. What is Entrepreneurial development programme? Write its characteristics. Review and evaluate EDPs in India. It prepares them to deserve and make good use of various forms of assistance. 10.10 Summary Entrepreneurial development programme is an effective way to develop entrepreneurs which can help accelerate the pace of socio-economic development. 8. Entrepreneurship Development Institute of India was established in ________. exploitation of locally available resources. a) 1963 b) 1983 c) 1973 d) 2003 2. balanced regional growth. In India various national and state agencies are engaged in EDPs for first generation entrepreneurs. Explain the need of EDP. It can also create gainful self employment. How many phases are there in Entrepreneurial development programme ? a) Five b) Six c) Seven d) Eight B) Short answer types Questions 3. Discuss the major phases of EDP in detail. An EDP equips entrepreneurs and makes them competent to anticipate and deal with a variety of problems that any entrepreneur may have to face. 5. Explain the objectives of EDP. It gives confidence to the entrepreneurs to face uncertainties and takes profitable risk. Explain three basic features of EDP. What do you mean by Entrepreneurial development programme? Explain its relevance and stages.11 Self Assessment Questions A) Objective types question 1. 7. 4.7. 9.

8.2 Government incentives.8.8.8 8.1 Exploring export promotion possibilities 8.1 Government assistance 8.11 Decision regarding distribution 8.2.3 Decision regarding selection of market 8.7 Decision regarding pricing and costing 8.9 8.8.2 Decisions regarding entry in international market 8.9 Promotion decision 8.12 getting help.1 8.8.12 8.8.10 availing of export promotion schemes 8.6 8.7 8.4 8.8.3 Government schemes for infrastructural facilities 8.13 .4 Creation of demand in international market 8. subsidy and assistance Government role in the for of assistance and incentives 8.5 Decision regarding mode of entry 8.11 getting institutional support 8.2.10 8.2 Government incentives 8.2.source of information Import substitution Objects and importance of Import substitution Measures for Import substitution Problems of Import substitution Role of entrepreneur in Import substitution 8.5 8.ANNEXURE (E) UNIT-8 Objectives ROLE OF ENTREPRENEUR The objectives of this unit are to enable you: • Explain the role of government in Entrepreneurial development • Narrate the role of entrepreneur in socio-economic growth • Describe how entrepreneurs are playing important role in export promotion • Explain the role and importance of entrepreneur in import substitution Structure 8.8.6 Product mix decisions 8.4 Other roles of Government Entrepreneurship and Economic growth Need and importance of entrepreneurship for socio economic growth Role of entrepreneur under various economic systems Various role of entrepreneur in socio economic development Role of entrepreneur as an innovator Export promotion 8.

14 8. 8. Write short notes on the following: 1) Justification of import substitution 2) Measures of import substitution 10.16 Self Assessment Questions A) Objective types questions 1. Which one of the following is not a part of government incentive scheme-? a) Subsidy relating Investment b) Subsidy relating to Taxes c) Industrial growth centre scheme d) Excise duty exemption 2. capital formation. 4. Explain the need of government role in EDP. 6. Entrepreneurship works in different economic systems such as Capitalism. He provides strength to economy. market expansion and organization of productive resources. innovating skills.15 Critical evaluation Summary Self Assessment Questions Summary Entrepreneurial development plays an important role in industrial production employment generation and exports. viz. . 7. a) Socialism b) Democratic c) Monopolistic d) Materialistic B) Short Answer types questions 3. Discuss the role of entrepreneur in promoting exports in country. “Entrepreneur is a business leader. Developed economy.8. caters local demands and promotes balanced regional growth.16 8. The government provides many incentives and support facilities for the promotion on entrepreneurs in India. 5. An entrepreneur is the central figure of economic growth. Developing economy and _____________. Entrepreneurs contribute to economic development in many ways. He is a propeller of development under free enterprise.” Explain What is the role of an entrepreneur in capitalism? How does an entrepreneur supplement the development process in an economy? What are the export incentives given to entrepreneur? What are the objectives of Import substitution? C) Descriptive type questions 9. 11. Discuss the role of entrepreneur in augmenting and meeting local demand. technological breakthrough. Mixed economy. build social stability.15 8. 8. He creates opportunity for self employment.

12. 13. 14. subsidies and assistance the government is providing to entrepreneurs in India? . Discuss the relationship of entrepreneur with innovation. What are the incentives. Explain the role of entrepreneur in bringing about social stability.

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