The importance of Entrepreneurship
Statistics in both rich and poor countries show that small enterprises are leading in the generation of jobs and wealth. In fact, the small business sector saved some countries economy from other countries. America’s foremost management specialist stated that the entrepreneurial economy had been the most important development in American economy. It created 335 millions jobs at a time when traditional big business and the government had lost 5 millions jobs in 1970’s and early 1980’s.
In our country most of our economic activities fall under the micro and small business categories. There are many retailers, vendors and other small sole proprietors. As long as they perform some risk taking ventures, innovations, and creative undertaking they are considered entrepreneurs.
Because of the proven importance of entrepreneurship, subjects in entrepreneurship have been included in the curriculum of high schools, colleges, and universities in many countries.
Tags: business