Entrepreneurship Development

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Lesson 1 : Concepts and Definitions of Entrepreneur, Entrepreneurship, Enterprise

Enterprise

• An enterprise is the business organization that is formed and which provides goods and services, creates jobs, contributes to national income, exports and overall economic development.
• Entrepreneur is a person who starts an enterprise. The process of creation of enterprise is called entrepreneurship.
• Entrepreneur is the actor, entrepreneurship is the act. The outcome of the actor and the act is called the enterprise.