class 12 entrepreneurship development notes

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 Entrepreneurship Development....... short and easy notes for board exam.

1. What do you mean by entrepreneurship? What are its features?
> Entrepreneurship is the process of setting up a business to provide employment to the society. It takes risk bearing task. Its main focus on the start new business to earn profit and create employment. Entrepreneurship is a leadership rather than an ownership.
                                The person who sets up his business is called an entrepreneur and the output of the process, the business unit is called an Enterprise.
Following are its main features;

  • It is an innovative function.
  • It is a risk bearing task.
  • It creates employment for the nation.
  • It provides better goods and service at low cost.
  • Entrepreneurship is a group behaviour.
  • It is knowledge based activity.
  • Entrepreneurship is a skill to build an organisation.
  • Management skills and leadership are most important features of entrepreneurship.

2. Write the role of entrepreneur for the development of the nation.
> Functions, importance and role of entrepreneur for the development of the nation are as below;
  • Create job opportunities for the youth.
  • Utilise maximum resources.
  • Provide economical goods and services to the society.
  • Maintaining good relation with the customer.
  • To introduce new products and techniques.
  • To make infrastructure for the development of the nation.
  • Entrepreneur can increase efficiency and effectiveness in a competitive global market place.
  • Capital formation.

POINTS;
  • Entrepreneurship development program is necessary.
  • Entrepreneur Development Institute is situated in Ahmedabad by Gujarat government.
  • The future of entrepreneurship in India is bright.
  • Entrepreneurs are born and also made.


THE END

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