Wage employment Vs entrepreneurship

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Wage employment Vs entrepreneurship

Difference between wage employment and entrepreneurship

Wage Employment

Entrepreneurship

Work for others

Own boss

Follow instructions

Make own plans

Routine job

Creative activity

Earning is fixed, never negative

Can be negative sometimes, generally surplus

Does not create wealth

Creates wealth, contributes to GDP

Can choose form-

Government service
Public sector
Private sector

Can choose from-

Industry
Trade or
Service enterprise

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Last modified: Thursday, 5 January 2012, 7:42 AM