MBA -OT on ELective 2- ENTREPRENEURSHIP I+ Dect entre preneurship development offer a means to SOVe ut fon 4 decline iq economic and manpower development? Entrepreneurship is ecsental to the growth of the econpnly. ln he process of maustrializathon and Economic ‘pansion, entrepreneurs act af catalysts. Economic development cannot resut From techriical advancements | alone unless innovative business people emeley new technologies for Pont - | Economic development ir Primarily a process of vpward movement in | which a nations actual per capita income rises over time. Entrepreneur hp ls exsenhial 4p the growth of the ceonomy. Entreprenevs seek out and cer2€ chances. They generate national income and wealth in he form of commedrher nd servicer by converting talent ond unused rqoutes like land, labor, Gnd cop They contrite to raising the nations per capitn income and net oh orea| pocket] edwo Key adicatos OF cronomc Progrss. Entrepreneurship Gleakes industries hed bring new pred ucts fo market and eliminate whortages of key commadrh es For a countty te be elf cufhgent, entrepreneurship Vt ceetal., Indostnalist conteiaute to the peduchon of doweshe alternatwe fo previnushy (meerked goods, rcducing reliance en foreign nahons. PatAhonally, business Perle export a lot of gods and Seraces which helps +4 nahon gopplement Ar Jim Ayeagn currency opply. Go,yes, enteptencertip offers a means te save vf from a decline In Clonemic AMA manpower deuclopment - | 2. tow would yoo deffererthede econeme develogment fren hanan development . Inglar ar they both gadye a nation’s total progass in terms of eronsmic grorpercty and cocial wellbeing, economic devekpment a thuman developmen f ‘Gre tdear that are felated fo one another, Economic deuclo pment encompasies a brad range of coual and x.onomic elements, whecas human development ig ptumarily Concerned wet the welfare of the indwiduale. Human develoement rtlea te both monetary ard nonmenctary spec! OF prgmcss, making if more comachensvt. The economic development + ¢ lim. erm because it primarily consders maternal -fxc-forr, Born auanhtetre and audlibahe gain arc processes That veer during human develeprerd. Only qualctatwe gowth 12 a pack of economic development Finally, the poner dee ok sndwviduals, toning 08 Other ecu by enhancing "Ar capabily 6b borat? devdopment - men} C80 be obtained bry enbang educatnn | jpes_ oF human capita. Feoram ic development the od ach mg tthe defired qrewth: oO3. Doce it gallos when a courtry achieves a igh level OF Cconomic development, the county ts alse high In homan . development? coe One of the most Important Incasurel of @ nathon ie dt human resources. the development of human resoure if ory for our Economic development because victhout people, our economic Lan wh ot ee ee the develop- ment of lhaman resources is Cractal for all development sector, Including the clnomic seckoT. Hyman development reliant on the availabilty of rescues and opportunites that tie economy Qenerates, Whetcas ecormmyc Aevelopment i dependend on Popilahon Kills «This means thad in oder tor the economy To POTREG% populatyon's level of edvarhion ‘and asscaated coaal structures hae © profound and furdamental Impact . Go, yes, ince the economic development is highly reliant 64 Hye Copabitines of radiidale|ppslaten , if ellos that when a country adhieves a Kigh lere\ of Economic developmend tix alo high 1 human development.