ENTREPRENEURAL SKILLS - CBSE - CLASS : X
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WHAT IS ENTREPRENEURSHIP? An Entrepreneur is a person who is self-employed is willing to take a calculated risk and brings in a new idea to start a business. Entrepreneurshipisdefinedas the act of starting and running your own business or a tendency to be creative and wish to work for yourself in your own ventures. An example of entrepreneurship is a person who is running his own business. Enterprise An enterprise is a project or undertaking that is bold and fulfills a need of the society which no one has ever addressed. ROLE OF ENTREPRENEURSHIP Economic Development —Money in Circulation-As entrepreneurs create value by making available better and cheaper products and services for customers, the economy grows. Social Development —Creation of Jobs-A business started by an entrepreneur is usually a very small business in the beginning. If it becomes successful and grows, the entrepreneur expands the business.As the business grows, it needs more work to be done and s