ENTREPRENEURIAL MANAGEMENT

CHAPTER 1
(ENTREPRENEUR/ECONOMIC DEVELOPMENT)

In chapter 1 is all about Entrepreneur /Entrepreneurship and Economic Development. What

I learned about on that topic is people who undertakes entrepreneurial activities and also
identifies an economic need, consider offering a business solution, proceeds to assemble the
resources required, and assumes the risk of succeeding or failing. Being an entrepreneur refers to
the economic activity of a person who starts, manages, and assumes the risk of business
enterprise which means a person who organizes and operates a business or businesses.
Economic Development is need to achieve economic goals, proper management but in the
following necessary are the human resources, natural resources, capital information, and
technology. The human resources is influenced in large part by its human resources. The process
of enhancing the abilities, knowledge, and skills of all members of a society is known as human
resources development. Natural Resources is the land or natural resources are the most important
factor in economic growth. In economics, the term "land" refers to natural resources like land's
fertility, its location and composition, forest wealth, minerals, climate, water resources, and sea
resources, among others. Next is the Capital information, Capital is without a doubt the
foundation of economic growth. Simply put, capital is the portion of an economy's wealth that is
used for further wealth production. Lastly is Technology, since the introduction of new
technology into manufacturing processes increases productivity, which enables each labour hour
to produce a greater output, technology has historically been an important factor in economic
growth.
I was thankful because I learned a lot from this chapter because being an entrepreneur is
not easy to be part of. And in this lesson will help us to understand more what entrepreneur is. It
is helpful for our future and we will carry it until the end.