The Role of Entrepreneur as a Key Indicator for Economic Development – A Study

Abstract

The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service sector. The existence study explains about role of an entrepreneur to solve the problems of economic development. The study finds that the Increasing the number of productive business developed by entrepreneurs lead to increasing demand for labour. Indirectly, the study suggested that the businesses are able to absorb energy and reduce unemployment. Finally the study focus more on participation of entrepreneurs and their role for economic development itself includes more than just increasing the number of outputs.