Entrepreneur in Bd

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INTRODUCTION
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From Adam Smith to Joseph Schumpeter, those who study the development of societies have considered entrepreneurial capital accumulation as the engine that drives economic growth (c.f., Van Stel, Carree & Thurik, 2005). For entrepreneurship to take root, it must be possible to accumulate capital are at a rate exceeding immediate consumption. There are two ways to achieve the minimum efficient scale of production; the first is to exogenously inject capital at a rate exceeding consumption and second, to technologically lower the efficient scale of production to a level matching that of local demand markets. Traditionally, capital accumulation in developing economies has been fostered by government policies to encourage foreign direct investment (FDI) by multinational corporations (MNC). However, MNC are not able to fully understand local consumers, implying that production is less likely to be at the efficiency frontier, implying the need for local entrepreneurs (Corbett, 2008). More pointedly, what has also been generally accepted is the notion that for economic growth to be self-sustaining the allocation of resources to production should be based on consumption priorities as revealed by the prices (values) assigned to productive outcomes. Production systems that depend on institutional interventions require the consumption of resources apart from those dedicate to the production of goods and services and is hence inefficient in the long run. The importance of this issue is particularly relevant for the rural regions of developing countries because the trigger for initial production, which is the presence of a local demand market, is often not large enough to foster rapid capital accumulation. Hence, production tends to remain at a subsistence level. The net effect is a brake in the development of the overall economy because capital accumulation in the cities, where sufficiently large and concentrated demand markets exist, is reduced by net transfers to the rural regions to sustain consumption. Hence, the issue of economic advancement in development countries turns out to be the problem of fostering entrepreneurship in the rural regions. -------------------------------------------------

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INTRODUCTION TO RURAL ENTREPRENEURSHIP
ENTREPRENEUR - “Entrepreneurs” are people who create and grow enterprises. “Entrepreneurship” is the process through which entrepreneurs create and grow enterprises. “Entrepreneurship development” refers to the infrastructure of public and private policies and practices that foster and support entrepreneurship.

ENTREPRENEURSHIP - The concept of entrepreneurship has a wide range of meanings. On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population. On the other extreme of definitions, anyone who wants to work for himself or herself is considered to be an entrepreneur. The word entrepreneur originates from the French word, entreprendre, which means "to undertake." In a business context, it means to start a business. The Merriam-Webster Dictionary presents the definition of an entrepreneur as one who organizes, manages, and assumes the risks of a business or enterprise.

RURAL ENTREPRENEURSHIP

The problem is essentially lop-sided development which is development of one area at the cost of development of some other place, with concomitant associated problems of under development. For instance, we have seen unemployment or underemployment in the villages that has led to influx of rural population to the cities. To promote entrepreneurs who would take to...
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